CGX Energy (CVE:OYL) Shares Cross Below Two Hundred Day Moving Average of $0.28

CGX Energy Inc. (CVE:OYL)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.28 and traded as low as C$0.15. CGX Energy shares last traded at C$0.15, with a volume of 4,510 shares traded.

CGX Energy Stock Down 3.8 %

The stock’s 50-day moving average price is C$0.18 and its 200-day moving average price is C$0.28. 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 stock has a market cap of C$42.32 million, a price-to-earnings ratio of -13.00 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.