Robert John Zakresky Sells 100,000 Shares of Leucrotta Exploration Inc (CVE:LXE) Stock

Leucrotta Exploration Inc (CVE:LXE) Senior Officer Robert John Zakresky sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of C$0.81, for a total value of C$81,000.00. Following the completion of the sale, the insider now owns 5,232,720 shares of the company’s stock, valued at C$4,238,503.20.

Shares of LXE stock traded down C$0.05 during trading hours on Friday, reaching C$0.75. The company had a trading volume of 118,700 shares, compared to its average volume of 178,571. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.55 and a quick ratio of 1.29. The stock has a fifty day simple moving average of C$0.87. The firm has a market cap of $150.39 million and a P/E ratio of -33.20. Leucrotta Exploration Inc has a 12-month low of C$0.70 and a 12-month high of C$2.00.

Leucrotta Exploration (CVE:LXE) last posted its quarterly earnings results on Wednesday, May 29th. The oil and natural gas company reported C$0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.01. The company had revenue of C$8.10 million during the quarter, compared to analysts’ expectations of C$9.35 million. As a group, analysts anticipate that Leucrotta Exploration Inc will post 0.01 earnings per share for the current fiscal year.

LXE has been the subject of a number of analyst reports. Raymond James restated an “outperform” rating and issued a $36.00 price target on shares of Zymeworks in a research report on Thursday, May 30th. GMP Securities restated a “buy” rating and issued a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. National Bank Financial dropped their price target on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Cormark dropped their price target on Prairie Provident Resources from C$0.45 to C$0.40 in a research report on Tuesday, April 23rd.

About Leucrotta Exploration

Leucrotta Exploration Inc operates as an oil and natural gas company. The company acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. It holds interest in approximately 100,500 gross acres of Montney land in Doe/Mica. Leucrotta Exploration Inc was incorporated in 2014 and is based in Calgary, Canada.

Further Reading: Certificate of Deposit (CD)

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