Coelacanth Energy (CVE:CEI) Shares Up 1.3% – Still a Buy?

Coelacanth Energy Inc. (CVE:CEI) shot up 1.3% on Wednesday . The company traded as high as C$0.80 and last traded at C$0.79. 119,760 shares traded hands during trading, an increase of 1% from the average session volume of 118,822 shares. The stock had previously closed at C$0.78.

Coelacanth Energy Price Performance

The stock has a market capitalization of C$421.09 million, a price-to-earnings ratio of -26.33 and a beta of 0.34. The firm has a 50 day simple moving average of C$0.82 and a 200-day simple moving average of C$0.82.

About Coelacanth Energy

Coelacanth Energy Inc, an oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada. The company owns approximately 150 net sections of Montney acreage located in the Two Rivers area of northeastern British Columbia. Coelacanth Energy Inc was incorporated in 2022 and is headquartered in Calgary, Canada.