Lycos Energy (CVE:LCX) Reaches New 12-Month Low – Time to Sell?

Lycos Energy Inc. (CVE:LCX)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$2.34 and last traded at C$2.54, with a volume of 34752 shares changing hands. The stock had previously closed at C$2.65.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reduced their price target on Lycos Energy from C$9.00 to C$7.50 in a research report on Friday, September 27th.

Lycos Energy Trading Down 1.9 %

The business’s 50-day simple moving average is C$2.78 and its two-hundred day simple moving average is C$3.04. The company has a market capitalization of C$135.69 million and a PE ratio of 13.42.

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.