Lycos Energy (CVE:LCX) Stock Price Down 1.7% – Here’s Why

Shares of Lycos Energy Inc. (CVE:LCXGet Free Report) were down 1.7% during mid-day trading on Wednesday . The company traded as low as C$1.76 and last traded at C$1.76. 226,701 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 368,031 shares. The stock had previously closed at C$1.79.

Lycos Energy Stock Down 0.8%

The stock has a market cap of C$232.72 million, a price-to-earnings ratio of 25.21 and a beta of 0.07. The company’s fifty day moving average is C$1.64 and its two-hundred day moving average is C$1.77.

Lycos Energy Company Profile

(Get Free Report)

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.

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