Coelacanth Energy (CVE:CEI) Shares Up 1.2% – What’s Next?

Coelacanth Energy Inc. (CVE:CEI) shot up 1.2% during mid-day trading on Thursday . The company traded as high as C$0.86 and last traded at C$0.86. 3,000 shares traded hands during trading, a decline of 98% from the average session volume of 179,597 shares. The stock had previously closed at C$0.85.

Analyst Ratings Changes

CEI has been the subject of several recent research reports. Atb Cap Markets upgraded shares of Coelacanth Energy to a “strong-buy” rating in a report on Thursday, February 6th. Cormark raised shares of Coelacanth Energy to a “moderate buy” rating in a report on Tuesday, March 4th.

Coelacanth Energy Price Performance

The firm has a market cap of C$456.38 million, a price-to-earnings ratio of -67.61 and a beta of 0.98. The business’s 50 day simple moving average is C$0.85.

About Coelacanth Energy

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.