Coelacanth Energy (CVE:CEI) Stock Rating Upgraded by Cormark

Coelacanth Energy (CVE:CEI) was upgraded by analysts at Cormark to a “moderate buy” rating in a report released on Tuesday,Zacks.com reports.

Separately, Atb Cap Markets upgraded Coelacanth Energy to a “strong-buy” rating in a report on Thursday, February 6th.

Coelacanth Energy Stock Performance

Shares of CVE CEI traded down C$0.04 during trading hours on Tuesday, hitting C$0.80. 500 shares of the stock were exchanged, compared to its average volume of 177,740. The firm has a market capitalization of C$424.54 million, a P/E ratio of -62.90 and a beta of 0.98. Coelacanth Energy has a 12 month low of C$0.69 and a 12 month high of C$0.98. The firm’s fifty day simple moving average is C$0.85.

Insider Activity

In related news, Senior Officer Nolan Gregory Chicoine sold 38,535 shares of the company’s stock in a transaction on 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 have sold a total of 57,800 shares of company stock worth $48,721 over the last 90 days. 31.60% of the stock is currently owned by corporate insiders.

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.