Lycos Energy (CVE:LCX) Stock Price Down 3.9% – Should You Sell?

Lycos Energy Inc. (CVE:LCX)’s stock price fell 3.9% during trading on Thursday . The stock traded as low as C$1.46 and last traded at C$1.49. Approximately 107,397 shares were traded during mid-day trading, a decline of 71% from the average session volume of 373,237 shares. The stock had previously closed at C$1.55.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded Lycos Energy from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$2.50 to C$3.00 in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Lycos Energy has a consensus rating of “Moderate Buy” and an average price target of C$1.72.

Lycos Energy Stock Down 4.0%

The company’s fifty day moving average is C$1.83 and its two-hundred day moving average is C$1.54. The stock has a market cap of C$156.09 million, a price-to-earnings ratio of -1.42 and a beta of 0.09.

Lycos Energy Company Profile

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.