CGX Energy Inc. (CVE:OYL – Get Free Report)’s stock price dropped 32.3% during trading on Tuesday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 575,562 shares were traded during mid-day trading, an increase of 1,055% from the average daily volume of 49,825 shares. The stock had previously closed at C$0.16.
CGX Energy Price Performance
The company has a debt-to-equity ratio of 78.75, a current ratio of 0.25 and a quick ratio of 0.10. The stock’s 50 day moving average price is C$0.15 and its two-hundred day moving average price is C$0.17. The firm has a market capitalization of C$35.55 million, a price-to-earnings ratio of -10.50 and a beta of 1.33.
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.
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