Lycos Energy (CVE:LCX) Stock Price Down 1.2% – Time to Sell?

Lycos Energy Inc. (CVE:LCX)’s share price was down 1.2% during mid-day trading on Tuesday . The stock traded as low as C$1.63 and last traded at C$1.68. Approximately 89,674 shares were traded during trading, a decline of 78% from the average daily volume of 402,633 shares. The stock had previously closed at C$1.70.

Analysts Set New Price Targets

Separately, National Bank Financial raised shares of Lycos Energy from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$2.50 to C$3.00 in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$1.72.

Lycos Energy Stock Performance

The firm has a market capitalization of C$183.38 million, a PE ratio of -1.66 and a beta of 0.04. The company’s fifty day moving average price is C$2.07 and its two-hundred day moving average price is C$1.44.

Lycos Energy Company Profile

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.