Coelacanth Energy (CVE:CEI) Sets New 12-Month Low – Here’s Why

Coelacanth Energy Inc. (CVE:CEI)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.76 and last traded at C$0.77, with a volume of 42200 shares. The stock had previously closed at C$0.76.

Coelacanth Energy Trading Up 1.3%

The stock has a market capitalization of C$487.92 million, a P/E ratio of -43.00 and a beta of 0.19. The business has a 50-day moving average price of C$0.79 and a 200 day moving average price of C$0.83.

Insider Activity at Coelacanth Energy

In other Coelacanth Energy news, insider Gmt Capital Corp sold 274,300 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of C$0.86, for a total value of C$235,898.00. Following the completion of the transaction, the insider owned 35,927,282 shares in the company, valued at approximately C$30,897,462.52. This represents a 0.76% decrease in their ownership of the stock. Over the last quarter, insiders have sold 8,004,167 shares of company stock valued at $6,885,819. 31.60% of the stock is owned by corporate insiders.

About Coelacanth Energy

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.