Lycos Energy (CVE:LCX) Stock Price Up 5.3% – Time to Buy?

Lycos Energy Inc. (CVE:LCX)’s share price shot up 5.3% during mid-day trading on Tuesday . The stock traded as high as C$1.80 and last traded at C$1.79. 121,232 shares changed hands during trading, a decline of 71% from the average session volume of 417,738 shares. The stock had previously closed at C$1.70.

Analyst Ratings Changes

Separately, Haywood Securities raised shares of Lycos Energy from a “hold” rating to a “buy” rating and lowered their target price for the stock from C$1.50 to C$0.65 in a report on Monday, December 22nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$1.60.

Lycos Energy Price Performance

The stock has a 50-day moving average price of C$1.28 and a two-hundred day moving average price of C$1.14. The stock has a market cap of C$97.96 million, a PE ratio of -1.55 and a beta of 0.68.

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.