Coelacanth Energy (CVE:CEI) Sets New 1-Year Low – Should You Sell?

Coelacanth Energy Inc. (CVE:CEI) reached a new 52-week low during mid-day trading on Monday. The company traded as low as C$0.65 and last traded at C$0.66, with a volume of 135488 shares. The stock had previously closed at C$0.67.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. 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 company a “hold” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$0.80.

Coelacanth Energy Trading Up 3.0%

The stock has a market cap of C$431.07 million, a price-to-earnings ratio of -43.00 and a beta of 0.39. The firm’s 50-day moving average is C$0.73 and its two-hundred day moving average is C$0.80.

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.