Coelacanth Energy (CVE:CEI) Stock Price Down 1.2% – Should You Sell?

Coelacanth Energy Inc. (CVE:CEI) shares were down 1.2% on Monday . The stock traded as low as C$0.82 and last traded at C$0.82. Approximately 28,290 shares traded hands during trading, a decline of 74% from the average daily volume of 109,610 shares. The stock had previously closed at C$0.83.

Coelacanth Energy Stock Down 1.2%

The firm has a market cap of C$438.96 million, a P/E ratio of -27.33 and a beta of 0.46. The firm’s 50-day simple moving average is C$0.81 and its 200 day simple moving average is C$0.82.

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. Coelacanth Energy Inc was incorporated in 2022 and is headquartered in Calgary, Canada.