CGX Energy (CVE:OYL) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

CGX Energy Inc. (CVE:OYL) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.14 and traded as low as C$0.12. CGX Energy shares last traded at C$0.14, with a volume of 80,464 shares trading hands.

CGX Energy Stock Performance

The firm has a market capitalization of C$28.56 million, a price-to-earnings ratio of -3.17 and a beta of 1.33. The business has a fifty day moving average price of C$0.14 and a 200 day moving average price of C$0.16.

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.