Lycos Energy (CVE:LCX) Shares Down 5% – Here’s What Happened

Lycos Energy Inc. (CVE:LCX)’s stock price was down 5% on Monday . The company traded as low as C$1.89 and last traded at C$1.91. Approximately 258,235 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 425,471 shares. The stock had previously closed at C$2.01.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised shares of Lycos Energy from a “hold” rating to an “outperform” rating and increased their target price for the company from C$2.50 to C$3.00 in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$1.85.

Lycos Energy Price Performance

The stock has a fifty day moving average price of C$2.06 and a 200-day moving average price of C$1.39. The company has a market cap of C$206.32 million, a PE ratio of -2.05 and a beta of 0.12.

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.