Lycos Energy (CVE:LCX) Hits New 1-Year Low – Time to Sell?

Lycos Energy Inc. (CVE:LCX)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$2.29 and last traded at C$2.43, with a volume of 91067 shares trading hands. The stock had previously closed at C$2.60.

Wall Street Analyst Weigh In

Separately, National Bankshares decreased their price objective on Lycos Energy from C$9.00 to C$7.50 in a research report on Friday, September 27th.

Lycos Energy Trading Down 0.4 %

The business’s 50-day simple moving average is C$2.68 and its 200-day simple moving average is C$2.93. The company has a market cap of C$132.49 million and a PE ratio of 13.11.

Lycos Energy Company Profile

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.