Coelacanth Energy (CVE:CEI) Stock Rating Upgraded by Atb Cap Markets

Atb Cap Markets upgraded shares of Coelacanth Energy (CVE:CEI) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Coelacanth Energy Price Performance

CEI stock opened at C$0.90 on Thursday. The company has a market capitalization of C$477.12 million, a PE ratio of -90.00 and a beta of 0.98. The company’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.

Insider Buying and Selling at Coelacanth Energy

In other Coelacanth Energy news, Senior Officer Nolan Gregory Chicoine sold 38,535 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$0.85, for a total value of C$32,754.75. Insiders have sold 57,800 shares of company stock valued at $48,721 in the last 90 days. 31.60% of the stock is currently owned by 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.