Lycos Energy (CVE:LCX) Trading Down 0.7% – Should You Sell?

Lycos Energy Inc. (CVE:LCX) shares dropped 0.7% during trading on Wednesday . The stock traded as low as C$1.37 and last traded at C$1.38. Approximately 94,229 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 80,345 shares. The stock had previously closed at C$1.39.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets downgraded shares of Lycos Energy from an “outperform” rating to a “hold” rating and reduced their price target for the stock from C$2.50 to C$1.50 in a research report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$1.92.

Lycos Energy Stock Down 0.7%

The business’s fifty day moving average is C$1.28 and its 200 day moving average is C$1.38. The firm has a market capitalization of C$73.47 million, a price-to-earnings ratio of -1.18 and a beta of 11.70.

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.