Coelacanth Energy (CVE:CEI) PT Set at C$1.15 by Ventum Financial

Coelacanth Energy (CVE:CEI) has been assigned a C$1.15 target price by stock analysts at Ventum Financial in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s price objective points to a potential upside of 45.57% from the company’s previous close.

Separately, Roth Capital set a C$1.05 target price on Coelacanth Energy and gave the stock a “buy” rating in a report on Monday, July 14th. One investment analyst has rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coelacanth Energy currently has an average rating of “Strong Buy” and a consensus target price of C$1.10.

Coelacanth Energy Stock Down 1.3%

CEI opened at C$0.79 on Wednesday. Coelacanth Energy has a 52-week low of C$0.69 and a 52-week high of C$0.98. The stock has a market cap of C$419.23 million, a P/E ratio of -62.11 and a beta of 0.98. The business has a fifty day moving average of C$0.84 and a 200 day moving average of C$0.84.

Insider Buying and Selling

In other Coelacanth Energy news, Senior Officer Nolan Gregory Chicoine sold 78,653 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$62,922.40. Also, Senior Officer John Nandor Fur sold 59,700 shares of the firm’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of C$0.80, for a total transaction of C$47,760.00. Over the last 90 days, insiders have sold 400,356 shares of company stock valued at $320,493. 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.