Coelacanth Energy (CVE:CEI) Sets New 52-Week Low – Time to Sell?

Coelacanth Energy Inc. (CVE:CEI) reached a new 52-week low on Thursday. The stock traded as low as C$0.64 and last traded at C$0.66, with a volume of 335,260 shares trading hands. The stock had previously closed at C$0.67.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CEI shares. TD Securities raised Coelacanth Energy to a “hold” rating in a report on Wednesday, September 9th. TD set a C$0.80 price target on Coelacanth Energy and gave the stock a “hold” rating in a research note on Tuesday, September 8th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, Coelacanth Energy currently has an average rating of “Hold” and a consensus target price of C$0.80.

Coelacanth Energy Stock Down 2.9%

The company has a market capitalization of C$418.60 million, a price-to-earnings ratio of -43.00 and a beta of 0.30. The stock has a fifty day moving average price of C$0.69 and a two-hundred day moving average price of C$0.79.

Coelacanth Energy Company Profile

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.