Lycos Energy (CVE:LCX) Hits New 52-Week Low – Here’s Why

Lycos Energy Inc. (CVE:LCX)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$2.20 and last traded at C$2.20, with a volume of 816 shares trading hands. The stock had previously closed at C$2.25.

Analyst Ratings Changes

Separately, National Bankshares cut their target price on shares of 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 Trading Up 1.8 %

The firm has a 50 day simple moving average of C$2.46 and a two-hundred day simple moving average of C$2.74. The company has a market capitalization of C$121.85 million and a PE ratio of 12.05.

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.