Coelacanth Energy (CVE:CEI) Sets New 1-Year Low – What’s Next?

Coelacanth Energy Inc. (CVE:CEI)’s share price hit a new 52-week low during trading on Monday. The company traded as low as C$0.65 and last traded at C$0.66, with a volume of 135488 shares traded. The stock had previously closed at C$0.67.

Wall Street Analyst Weigh In

CEI has been the subject of a number of recent analyst reports. TD set a C$0.80 price objective on Coelacanth Energy and gave the company a “hold” rating in a research note on Tuesday, September 8th. TD Securities upgraded Coelacanth Energy to a “hold” rating in a research note on Wednesday, September 9th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Coelacanth Energy presently has an average rating of “Hold” and an average price target of C$0.80.

Coelacanth Energy Price Performance

The stock has a market capitalization of C$418.39 million, a P/E ratio of -43.00 and a beta of 0.39. The stock has a fifty day moving average price of C$0.73 and a 200 day moving average price of C$0.80.

Coelacanth Energy Company Profile

Coelacanth Energy Inc, an oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada. The company owns approximately 150 net sections of Montney acreage located in the Two Rivers area of northeastern British Columbia. Coelacanth Energy Inc was incorporated in 2022 and is headquartered in Calgary, Canada.