CGX Energy (CVE:OYL) Share Price Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• CGX Energy Inc.'s stock price recently fell below its fifty day moving average of C$0.15, closing last at C$0.16 with a trading volume of 27,167 shares.
• The company has a market cap of C$54.17 million and a P/E ratio of -0.89, indicating potential issues in profitability.
• CGX Energy is involved in oil and gas exploration in Guyana, with active interests in petroleum prospecting licenses in the Guyana Basin.

CGX Energy Inc. (CVE:OYL - )'s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.15 and traded as low as C$0.15. CGX Energy shares last traded at C$0.16, with a volume of 27,167 shares traded.

CGX Energy Stock Up 3.2%

The stock has a market cap of C$54.17 million, a P/E ratio of -0.89 and a beta of -1.35. The business's 50-day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.12.

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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