Lycos Energy (CVE:LCX) Shares Down 2% – Should You Sell?

Lycos Energy Inc. (CVE:LCXGet Free Report)’s share price dropped 2% on Friday . The company traded as low as C$1.95 and last traded at C$1.96. 31,090 shares traded hands during trading, a decline of 91% from the average session volume of 353,196 shares. The stock had previously closed at C$2.00.

Lycos Energy Price Performance

The company has a market capitalization of C$258.43 million, a P/E ratio of 28.00 and a beta of 0.12. The stock’s fifty day simple moving average is C$1.76 and its 200-day simple moving average is C$1.83.

Lycos Energy Company Profile

(Get Free Report)

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.

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