CGX Energy (CVE:OYL) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened
by Mitch Edgeman · The Markets DailyCGX Energy Inc. (CVE:OYL – Get Free Report)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.14 and traded as low as C$0.13. CGX Energy shares last traded at C$0.13, with a volume of 61,030 shares.
CGX Energy Price Performance
The company has a 50-day moving average of C$0.14 and a 200 day moving average of C$0.14. The company has a market cap of C$49.09 million, a PE ratio of -0.85 and a beta of -1.75.
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. CGX Energy Inc was incorporated in 1998 and is headquartered in Toronto, Canada.