Lycos Energy (CVE:LCX) Reaches New 52-Week Low – Here’s Why

Lycos Energy Inc. (CVE:LCX) hit a new 52-week low on Monday . The stock traded as low as C$0.53 and last traded at C$0.60, with a volume of 1310760 shares changing hands. The stock had previously closed at C$1.47.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered Lycos Energy from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$2.50 to C$1.50 in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lycos Energy currently has an average rating of “Hold” and a consensus target price of C$1.92.

Lycos Energy Price Performance

The firm’s 50 day moving average is C$1.35 and its 200 day moving average is C$1.35. The company has a market cap of C$31.41 million, a PE ratio of -0.50 and a beta of 11.70.

About Lycos Energy

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.