January 18, 2017 - 10:42 PM EST
Print Email Article Font Down Font Up
Midday Alert: CGX Energy Inc. (CDX:OYL:CA) Pressures TSX Venture Basic Materials Stocks with 7.41% Decline in Morning Trading on January 18

CGX Energy Inc. (CDX:OYL:CA) is amongst the weakest basic materials stocks listed on the TSX Venture Exchange through noon on January 18, with a fall of 7.41%. After closing the previous session at $0.135, shares of OYL:CA opened this morning at $0.125 and are currently trading at $0.125. At the lunch break, about 3,907 shares have changed hands, compared to an average 30-day volume of 56,457 for CGX Energy Inc.. Shares moved as high as $0.125 and as low as $0.125 in today’s morning action. The share depreciation gives the company a market capitalization of $14.9 million based upon 110.39 million shares outstanding. In the past 52 weeks, shares of CGX Energy Inc. have traded as low as $0.11 and as high as $0.25. Technical traders will take note that at $0.125, shares of OYL:CA are trading below their 50-day moving average (MA) at $0.143 and below their 200-day MA at below $0.168. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish. Who is $CGX Egy Inc.? CGX Energy Inc is engaged in the process of exploring and evaluating petroleum and natural gas properties in the Guyana Suriname basin, a frontier basin in South America. The company is led by its CEO Dewi Jones from its headquarters at 333 Bay Street. For more information on CGX Egy Inc. and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About the TSX Venture Exchange Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

Source: Financial Press News (January 18, 2017 - 10:42 PM EST)

News by QuoteMedia

Legal Notice