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

Lycos Energy Inc. (CVE:LCX) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$2.28 and last traded at C$2.30, with a volume of 33027 shares. The stock had previously closed at C$2.40.

Analyst Upgrades and Downgrades

Separately, National Bankshares decreased their target price on Lycos Energy from C$5.25 to C$4.75 and set an “outperform” rating for the company in a report on Thursday.

Lycos Energy Stock Down 1.6 %

The company has a market capitalization of C$129.83 million and a price-to-earnings ratio of 12.84. The stock has a fifty day moving average price of C$2.61 and a two-hundred day moving average price of C$2.87.

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.