Lycos Energy (CVE:LCX) Trading Down 5.1% – Should You Sell?

Lycos Energy Inc. (CVE:LCX)’s stock price fell 5.1% during mid-day trading on Thursday . The stock traded as low as C$2.17 and last traded at C$2.22. 214,221 shares were traded during trading, a decline of 51% from the average session volume of 433,211 shares. The stock had previously closed at C$2.34.

Analysts Set New Price Targets

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

Lycos Energy Price Performance

The stock has a market cap of C$241.96 million, a PE ratio of -2.41 and a beta of 0.12. The business has a fifty day moving average of C$1.92 and a 200-day moving average of C$1.33.

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.