CGX Energy (CVE:OYL) Shares Pass Below 50-Day Moving Average – What’s Next?

CGX Energy Inc. (CVE:OYL)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.17 and traded as low as C$0.14. CGX Energy shares last traded at C$0.15, with a volume of 25,000 shares traded.

CGX Energy Stock Down 11.1 %

The company has a market capitalization of C$54.17 million, a PE ratio of -16.00 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 firm has a 50 day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.18.

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.