CGX Energy (CVE:OYL) Stock Price Down 25.8% – Should You Sell?

Shares of CGX Energy Inc. (CVE:OYLGet Free Report) fell 25.8% during trading on Tuesday . The stock traded as low as C$0.11 and last traded at C$0.12. 410,510 shares changed hands during trading, an increase of 830% from the average session volume of 44,133 shares. The stock had previously closed at C$0.16.

CGX Energy Stock Performance

The firm has a market capitalization of C$38.93 million, a P/E ratio of -11.50 and a beta of 1.33. The company has a current ratio of 0.25, a quick ratio of 0.10 and a debt-to-equity ratio of 78.75. The business’s 50 day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.17.

About CGX Energy

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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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