CGX Energy (CVE:OYL) Shares Down 32.3% – What’s Next?

Shares of CGX Energy Inc. (CVE:OYL) traded down 32.3% on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. 575,562 shares were traded 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 Stock Down 32.3 %

The firm has a 50 day moving average of C$0.15 and a 200-day moving average of C$0.17. 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 has a market capitalization of C$35.55 million, a P/E 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.