Lycos Energy (CVE:LCX) Reaches New 12-Month High – What’s Next?

Lycos Energy Inc. (CVE:LCX) shares reached a new 52-week high on Monday . The company traded as high as C$2.65 and last traded at C$2.61, with a volume of 1014666 shares traded. The stock had previously closed at C$2.50.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded shares of Lycos Energy from a “hold” rating to an “outperform” rating and upped their price target for the stock from C$2.50 to C$3.00 in a research report on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$1.85.

Lycos Energy Price Performance

The stock’s 50-day moving average is C$1.90 and its two-hundred day moving average is C$1.32. The stock has a market cap of C$252.76 million, a P/E ratio of -2.52 and a beta of 0.12.

About Lycos Energy

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.