Atb Cap Markets upgraded shares of Coelacanth Energy (CVE:CEI – Free Report) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.
Coelacanth Energy Trading Up 3.4 %
Shares of Coelacanth Energy stock opened at C$0.90 on Thursday. The firm has a market cap of C$477.12 million, a price-to-earnings ratio of -90.00 and a beta of 0.98. The firm’s 50-day moving average price is C$0.82. Coelacanth Energy has a 52-week low of C$0.69 and a 52-week high of C$0.94.
Insiders Place Their Bets
In other Coelacanth Energy news, Senior Officer Nolan Gregory Chicoine sold 38,535 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$0.85, for a total value of C$32,754.75. Insiders sold 57,800 shares of company stock valued at $48,721 over the last ninety days. Corporate insiders own 31.60% of the company’s stock.
About Coelacanth Energy
Coelacanth Energy Inc, an oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada. The company owns approximately 150 net sections of Montney acreage located in the Two Rivers area of northeastern British Columbia.
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