Lycos Energy (CVE:LCX) Shares Down 3.9% – Time to Sell?

Lycos Energy Inc. (CVE:LCX) was down 3.9% on Thursday . The stock traded as low as C$1.46 and last traded at C$1.49. 107,397 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 373,237 shares. The stock had previously closed at C$1.55.

Analyst Ratings Changes

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

Lycos Energy Stock Performance

The stock has a market capitalization of C$162.64 million, a price-to-earnings ratio of -1.48 and a beta of 0.09. The company has a 50 day moving average of C$1.86 and a 200 day moving average of C$1.54.

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.