Lycos Energy (CVE:LCX) Stock Price Up 3.2% – Still a Buy?

Lycos Energy Inc. (CVE:LCX)’s stock price rose 3.2% during mid-day trading on Thursday . The stock traded as high as C$2.27 and last traded at C$2.27. Approximately 13,784 shares traded hands during trading, a decline of 83% from the average daily volume of 83,150 shares. The stock had previously closed at C$2.20.

Wall Street Analysts Forecast Growth

Separately, National Bankshares lowered their price target on Lycos Energy from C$5.25 to C$4.75 and set an “outperform” rating for the company in a research report on Thursday, January 30th.

Lycos Energy Trading Up 1.3 %

The stock has a 50-day simple moving average of C$2.34 and a 200 day simple moving average of C$2.63. The company has a market cap of C$122.38 million and a price-to-earnings ratio of 12.11.

About Lycos Energy

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.