CGX Energy (CVE:OYL) Stock Price Down 14.3% - Here's Why
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CGX Energy Inc. (CVE:OYL) shares fell 14.3% on Monday, trading as low as C$0.23 before closing at C$0.24. The trading volume surged to 483,145 shares, significantly higher than the average of 82,360. The company, focused on oil and gas exploration in Guyana, has a market cap of C$81.25 million and a P/E ratio of -1.41. Analysts currently rate CGX Energy as a Hold, but suggest other stocks may be better investment options.
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