Leucrotta Exploration Inc (CVE:LXE) shares reached a new 52-week low during trading on Tuesday . The company traded as low as C$1.85 and last traded at C$1.85, with a volume of 49500 shares changing hands. The stock had previously closed at C$1.88.

A number of research firms have commented on LXE. Raymond James upped their price target on Leucrotta Exploration from C$2.25 to C$2.45 and gave the company an “outperform” rating in a research report on Friday, June 1st. National Bank Financial upped their price target on Leucrotta Exploration from C$2.00 to C$2.50 and gave the company an “outperform” rating in a research report on Thursday, May 31st. Eight Capital upped their price target on Leucrotta Exploration from C$2.00 to C$2.25 in a research report on Wednesday, May 30th. Canaccord Genuity upped their price target on Leucrotta Exploration from C$1.85 to C$2.00 in a research report on Thursday, April 26th. Finally, CIBC upped their price target on Leucrotta Exploration from C$1.80 to C$2.10 in a research report on Tuesday, March 20th.

Leucrotta Exploration (CVE:LXE) last announced its earnings results on Wednesday, April 25th. The oil and natural gas company reported C($0.03) earnings per share (EPS) for the quarter. Leucrotta Exploration had a negative return on equity of 2.08% and a negative net margin of 28.53%. The firm had revenue of C$9.59 million during the quarter.

In other news, insider Gmt Capital Corp bought 26,820 shares of the firm’s stock in a transaction dated Tuesday, April 17th. The stock was purchased at an average price of C$1.36 per share, with a total value of C$36,475.20. Insiders bought a total of 42,320 shares of company stock valued at $60,100 in the last three months.

About Leucrotta Exploration

Leucrotta Exploration Inc engages in the exploration, development, and production of oil and natural gas reserves in Canada. As of April 6, 2017, the company had interests in approximately 100,500 gross acres of undeveloped land in the Dawson-Sunrise area of northeast British Columbia. Leucrotta Exploration Inc was incorporated in 2014 and is headquartered in Calgary, Canada.

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