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Equities research analysts at FirstEnergy Capital assumed coverage on shares of Cardinal Energy Group (NASDAQ:CEGX) in a research note issued to investors on Wednesday. The firm set an “outperform” rating on the stock.

Shares of Cardinal Energy Group (NASDAQ:CEGX) traded down 12.82% on Wednesday, hitting $0.34. 61,420 shares of the company’s stock traded hands. Cardinal Energy Group has a 1-year low of $0.30 and a 1-year high of $1.55. The stock has a 50-day moving average of $0.43 and a 200-day moving average of $0.65. The company’s market cap is $12.8 million.

Cardinal Energy Group, Inc, formerly KOKO, Ltd., is a development-stage company. The Company focuses on manufacturing and selling a steak timer.

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