CGX Energy (CVE:OYL) Trading Up 29.2% – Time to Buy?

CGX Energy Inc. (CVE:OYL) shot up 29.2% during mid-day trading on Friday . The stock traded as high as C$0.31 and last traded at C$0.31. 163,592 shares changed hands during mid-day trading, an increase of 76% from the average session volume of 92,913 shares. The stock had previously closed at C$0.24.

CGX Energy News Roundup

Here are the key news stories impacting CGX Energy this week:

• Neutral Sentiment: One or more article links or the full article text (press releases, news stories, filings) — ideally up to 5 items.
• Neutral Sentiment: Any particular items you care about (operational updates, financing, regulatory, legal, management changes).
• Neutral Sentiment: Confirm if you want me to reference the price/performance data you already provided.

CGX Energy Price Performance

The firm has a market cap of C$91.41 million, a P/E ratio of -1.59 and a beta of 0.14. The company’s 50 day moving average is C$0.16 and its two-hundred day moving average is C$0.15.

About CGX Energy

CGX Energy Inc, an oil and gas exploration company, explores for and evaluates petroleum and natural gas properties in Guyana, South America. It holds interests in a petroleum prospecting licenses and related petroleum agreements on Corentyne block in the Guyana Basin, offshore Guyana. The company also constructs and develops the Berbice Deep Water Port project in Guyana. CGX Energy Inc was incorporated in 1998 and is headquartered in Toronto, Canada.