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CGX Energy shares rose 17.2% on Friday on heavy trading volume with no public explanation.
CGX Energy (CVE:OYL) shares jumped 17.2% on Friday, reaching a high of C$0.18 and closing at C$0.17, driven by a surge in trading volume to 132,048 shares—396% above its average.
The Toronto-based oil and gas exploration firm, active in Guyana’s Corentyne block and the Berbice Deep Water Port project, has a market cap of C$57.55 million.
Its 50-day and 200-day moving averages are C$0.14 and C$0.15, respectively.
The stock’s price increase occurred without a disclosed cause.
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Las acciones de CGX Energy subieron un 17,2% el viernes en un gran volumen de operaciones sin explicación pública.