Coelacanth Energy (CVE:CEI) Upgraded at Roth Capital

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

Coelacanth Energy Stock Down 2.4%

Shares of CEI opened at C$0.82 on Friday. Coelacanth Energy has a 52-week low of C$0.69 and a 52-week high of C$0.98. The company has a market capitalization of C$435.15 million, a PE ratio of -64.47 and a beta of 0.98. The stock has a fifty day simple moving average of C$0.84 and a two-hundred day simple moving average of C$0.84.

Insiders Place Their Bets

In other Coelacanth Energy news, Senior Officer Jody Denis sold 54,960 shares of Coelacanth Energy stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of C$0.80, for a total value of C$43,968.00. Also, Senior Officer John Nandor Fur sold 59,700 shares of Coelacanth Energy 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 sold a total of 379,524 shares of company stock valued at $303,619 over the last 90 days. Company 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.