Lycos Energy (CVE:LCX) Sets New 52-Week Low – Should You Sell?

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

Analyst Ratings Changes

Separately, National Bankshares reduced their price objective on shares of Lycos Energy from C$5.25 to C$4.75 and set an “outperform” rating on the stock in a research note on Thursday, January 30th.

Lycos Energy Trading Up 1.8 %

The business has a fifty day moving average of C$2.46 and a 200-day moving average of C$2.74. The firm has a market cap of C$121.85 million and a PE ratio of 12.05.

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.