Lycos Energy (CVE:LCX) Reaches New 52-Week Low – Time to Sell?

Shares of Lycos Energy Inc. (CVE:LCX) hit a new 52-week low during trading on Thursday . The company traded as low as C$2.20 and last traded at C$2.20, with a volume of 816 shares trading hands. The stock had previously closed at C$2.25.

Wall Street Analyst Weigh In

Separately, National Bankshares decreased their price target on shares of Lycos Energy from C$5.25 to C$4.75 and set an “outperform” rating for the company in a research note on Thursday, January 30th.

Lycos Energy Stock Performance

The stock has a market cap of C$123.45 million and a P/E ratio of 12.21. The company’s 50 day moving average price is C$2.45 and its 200-day moving average price is C$2.73.

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.