Cantex Energy Corp. (CTXE.PK)

The corporate offices of Cantex Energy Corp are located in Texas. The company, Cantex Energy Corp, lists its shares on the Pink Sheets under the symbol CTXE.PK. Pink Sheet stocks often lack reliable information such as financial statements. We advise extreme caution before investing in this stock.

There are 106 employees working at this company. The number of employees makes the company more able to achieve their goals if they are adequately financed to retain these people. You should give important consideration with regard to the number of people at the company, when you are evaluating an investment opportunity.

On Jan 6, 2009 the share price of the company's stock was $0.04. At the moment, the share price is 77.78 % lower than its 52 week high of $0.18. Judging from the low share price under $1.00, there appears to have been little to no improvement in the company's financial performance, thus keeping the share price so low. The stock is hitting new 52 week lows. Counter-trend investors might find this an opportunity to buy some of it. But such an approach may not always be successful. The stock is illiquid. The small amount of buying or selling can substantially impact the price of this stock.

A short while ago, the company issued news. Cantex Energy Corp said that " Cantex Energy Enters Exploration & Development Agreement in West Texas Overthrust " in a press release on Dec 11, 2008. Although we found this fascinating, we are not sure how this news will affect the share price.