Lycos Energy (CVE:LCX) Hits New 12-Month Low – Here’s Why

Shares of Lycos Energy Inc. (CVE:LCX) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$2.20 and last traded at C$2.23, with a volume of 16216 shares changing hands. The stock had previously closed at C$2.36.

Analyst Upgrades and Downgrades

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

Lycos Energy Stock Up 0.4 %

The business has a 50-day simple moving average of C$2.55 and a 200-day simple moving average of C$2.82. The stock has a market cap of C$126.64 million and a P/E ratio of 12.53.

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.