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

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 EnergyHere 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 PerformanceThe 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. Further ReadingFive stocks we like better than CGX EnergyNEW LAW: Congress Approves Setup For Digital Dollar?The day the gold market brokeYour Bank Account Is No Longer SafeWhat a Former CIA Agent Knows About the Coming CollapseHe just nailed another gold prediction …This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in CGX Energy Right Now?Before you consider CGX Energy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CGX Energy wasn't on the list.While CGX Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here