Coelacanth Energy (CVE:CEI) Rating Increased to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Coelacanth Energy (CVE:CEI) to a strong-buy rating in a research report released on Sunday,Zacks.com reports.

Coelacanth Energy Trading Down 2.4%

Shares of CVE CEI opened at C$0.82 on Friday. Coelacanth Energy has a twelve month low of C$0.69 and a twelve month high of C$0.98. The stock has a 50 day moving average of C$0.84 and a two-hundred day moving average of C$0.84. The stock has a market cap of C$435.15 million, a P/E ratio of -64.47 and a beta of 0.98.

Insider Transactions at Coelacanth Energy

In other Coelacanth Energy news, Senior Officer John Nandor Fur sold 59,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of C$0.80, for a total value of C$47,760.00. Also, Director Robert John Zakresky sold 170,573 shares of the company’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of C$0.80, for a total value of C$136,458.40. Insiders have sold a total of 379,524 shares of company stock worth $303,619 in the last three months. Corporate insiders own 31.60% of the company’s stock.

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.