CGX Energy (CVE:OYL) Trading 43.6% Higher - Should You Buy?

Market Beat
2026.02.08 02:19
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CGX Energy (CVE:OYL) shares surged 43.6% to C$0.28, with trading volume increasing by 816% to 612,953 shares. The stock's 50-day and 200-day moving averages are C$0.14 and C$0.15, respectively. CGX Energy, an oil and gas exploration company based in Toronto, focuses on petroleum properties in Guyana. Despite the recent price rise, analysts maintain a Hold rating on the stock, suggesting that other stocks may be better investment options.

CGX Energy Inc. (CVE:OYL - Get Free Report) rose 43.6% on Saturday . The company traded as high as C$0.33 and last traded at C$0.28. Approximately 612,953 shares changed hands during trading, an increase of 816% from the average daily volume of 66,946 shares. The stock had previously closed at C$0.20.

Key Stories Impacting CGX Energy

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

  • Neutral Sentiment: Paste full article text or a direct link to each article
  • Neutral Sentiment: If you want coverage from specific sources (e.g., Bloomberg, Reuters, company press release), note that
  • Neutral Sentiment: If you want emphasis on catalysts (production updates, reserves, financing, regulatory decisions), tell me which to prioritize

CGX Energy Stock Performance

The business has a fifty day simple moving average of C$0.14 and a 200 day simple moving average of C$0.15. The stock has a market capitalization of C$94.79 million, a price-to-earnings ratio of -1.65 and a beta of 0.14.

About CGX Energy

(Get Free Report)

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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