Lycos Energy (CVE:LCX) Hits New 1-Year Low – Here’s Why

Lycos Energy Inc. (CVE:LCX) reached a new 52-week low during trading on Thursday . The company traded as low as C$2.20 and last traded at C$2.23, with a volume of 16216 shares trading hands. The stock had previously closed at C$2.36.

Analyst Ratings Changes

Separately, National Bankshares cut their price target on shares of Lycos Energy from C$5.25 to C$4.75 and set an “outperform” rating on the stock in a research note on Thursday, January 30th.

Lycos Energy Stock Down 2.1 %

The company has a market capitalization of C$122.92 million and a price-to-earnings ratio of 12.16. The firm has a 50 day moving average price of C$2.57 and a two-hundred day moving average price of C$2.83.

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.