Shares of CGX Energy Inc. (CVE:OYL – Get Free Report) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of C$0.20 and traded as high as C$0.21. CGX Energy shares last traded at C$0.21, with a volume of 83,906 shares changing hands.
CGX Energy Stock Up 10.5%
The company has a market capitalization of C$71.10 million, a price-to-earnings ratio of -3.50 and a beta of 2.01. The company has a 50 day simple moving average of C$0.20 and a 200 day simple moving average of C$0.22.
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.
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