CGX Energy (CVE:OYL) Stock Price Down 32.3% – Should You Sell?

CGX Energy Inc. (CVE:OYL) shares traded down 32.3% during trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. 575,562 shares changed hands during trading, an increase of 1,055% from the average session volume of 49,825 shares. The stock had previously closed at C$0.16.

CGX Energy Price Performance

The business’s 50 day simple moving average is C$0.15 and its 200 day simple moving average is C$0.17. The stock has a market cap of C$27.51 million, a P/E ratio of -3.05 and a beta of 1.33.

CGX Energy Company Profile

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.