Coelacanth Energy (CVE:CEI) Shares Down 2.3% – What’s Next?

Coelacanth Energy Inc. (CVE:CEI) dropped 2.3% during mid-day trading on Thursday . The company traded as low as C$0.84 and last traded at C$0.84. Approximately 10,151 shares changed hands during trading, a decline of 91% from the average daily volume of 117,169 shares. The stock had previously closed at C$0.86.

Wall Street Analyst Weigh In

Separately, Cormark raised Coelacanth Energy to a “moderate buy” rating in a research note on Tuesday, March 4th.

Coelacanth Energy Trading Down 2.3%

The business has a 50 day moving average of C$0.85 and a 200-day moving average of C$0.84. The firm has a market capitalization of C$445.76 million, a P/E ratio of -66.04 and a beta of 0.98.

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.