Shares of CGX Energy Inc (CVE:OYL) traded down 13.6% on Wednesday . The stock traded as low as C$0.33 and last traded at C$0.38, 159,640 shares changed hands during mid-day trading. An increase of 156% from the average session volume of 62,436 shares. The stock had previously closed at C$0.44.
The company has a debt-to-equity ratio of 440.88, a quick ratio of 0.31 and a current ratio of 0.32. The firm has a 50 day moving average of C$0.42. The company has a market cap of $104.49 million and a price-to-earnings ratio of 12.63.
CGX Energy (CVE:OYL) last released its quarterly earnings results on Tuesday, May 28th. The company reported C($0.01) EPS for the quarter. Equities research analysts anticipate that CGX Energy Inc will post -0.04 EPS for the current year.
CGX Energy Inc, an oil and gas exploration company, explores and evaluates petroleum and natural gas properties in Guyana, South America. As of April 6, 2018, it held interests in three petroleum agreements, including Corentyne, Berbice, and Demerara blocks covering an area of approximately 11,005.2 square kilometers located in offshore and onshore Guyana.
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