CGX Energy (CVE:OYL) Shares Up 17.1% – Still a Buy?

CGX Energy Inc. (CVE:OYL) shares rose 17.1% during trading on Thursday . The company traded as high as C$0.24 and last traded at C$0.24. Approximately 210,097 shares traded hands during trading, an increase of 120% from the average daily volume of 95,557 shares. The stock had previously closed at C$0.21.

More CGX Energy News

Here are the key news stories impacting CGX Energy this week:

• Neutral Sentiment: One or more article links or the full article text (press releases, news stories, filings) — ideally up to 5 items.
• Neutral Sentiment: Any particular items you care about (operational updates, financing, regulatory, legal, management changes).
• Neutral Sentiment: Confirm if you want me to reference the price/performance data you already provided.

CGX Energy Stock Up 12.5%

The firm has a market cap of C$91.41 million, a price-to-earnings ratio of -1.59 and a beta of 0.14. The business has a 50 day moving average price of C$0.16 and a 200-day moving average price of C$0.15.

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. CGX Energy Inc was incorporated in 1998 and is headquartered in Toronto, Canada.