Lycos Energy (CVE:LCX) Stock Price Down 1.2% – Should You Sell?

Lycos Energy Inc. (CVE:LCX)’s stock price traded down 1.2% on Tuesday . The stock traded as low as C$1.63 and last traded at C$1.68. Approximately 89,674 shares traded hands during trading, a decline of 78% from the average daily volume of 402,633 shares. The stock had previously closed at C$1.70.

Analysts Set New Price Targets

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

Lycos Energy Stock Performance

The firm has a fifty day moving average of C$2.06 and a 200 day moving average of C$1.44. The firm has a market capitalization of C$186.66 million, a PE ratio of -1.69 and a beta of 0.04.

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.