Coelacanth Energy (CVE:CEI) Given a C$1.05 Price Target at Roth Capital

Roth Capital set a C$1.05 price target on Coelacanth Energy (CVE:CEI) in a report published on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Coelacanth Energy Stock Performance

CVE CEI opened at C$0.84 on Monday. The stock has a market capitalization of C$445.76 million, a price-to-earnings ratio of -66.04 and a beta of 0.98. 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 200 day moving average of C$0.84.

Insider Buying and Selling

In related news, Senior Officer Jody Denis sold 54,960 shares of the business’s stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of C$0.80, for a total transaction of C$43,968.00. Also, Senior Officer John Nandor Fur sold 59,700 shares of the business’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of C$0.80, for a total value of C$47,760.00. Insiders have sold 379,524 shares of company stock valued at $303,619 over the last ninety days. 31.60% of the stock is currently owned by company insiders.

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.