Lycos Energy (CVE:LCX) Reaches New 52-Week Low – Here’s What Happened

Lycos Energy Inc. (CVE:LCX) shares reached a new 52-week low during mid-day 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 changing hands. The stock had previously closed at C$2.36.

Wall Street Analyst Weigh In

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

Lycos Energy Stock Up 0.4 %

The stock’s 50-day moving average price is C$2.55 and its 200 day moving average price is C$2.82. The firm has a market cap of C$126.64 million and a price-to-earnings ratio of 12.53.

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.