CGX Energy Inc. (TSX-V: OYL), a junior oil & gas explorer, experienced strong upward share price momentum after powering more than 25% higher during each of the past two consecutive trading days with a significant number of shares exchanging hands. In the last trading session, OYL was the top performer in the Canadian energy space after climbing 33.3% and ended at C$0.60 while recording huge volumes of 158,518 shares. During the last 5-trading sessions, OYL gained 87.5% with 5-day average trading volumes of 83,061 shares, while the stock accumulated over 107% during the past one month with daily average trading volumes of 59,099 shares. We note that the stock has provided returns of over 140% year-to-date.
Company Description:
CGX Energy Inc. (TSX-V: OYL) explores for oil and natural gas throughout the world.
1-Year Stock Chart:
Source: Bloomberg
