Shares of CGX Energy Inc. (CVE:OYL – Get Free Report) fell 25.8% on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.12. 419,010 shares traded hands during trading, an increase of 843% from the average session volume of 44,427 shares. The stock had previously closed at C$0.16.
CGX Energy Trading Down 22.6 %
The company has a quick ratio of 0.10, a current ratio of 0.25 and a debt-to-equity ratio of 78.75. The company has a fifty day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.17. The stock has a market capitalization of C$40.63 million, a P/E ratio of -12.00 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.
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