Coelacanth Energy (CVE:CEI) Raised to “Strong-Buy” at Atb Cap Markets

Coelacanth Energy (CVE:CEI) was upgraded by equities researchers at Atb Cap Markets to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Coelacanth Energy Stock Up 3.4 %

Shares of Coelacanth Energy stock opened at C$0.90 on Thursday. Coelacanth Energy has a one year low of C$0.69 and a one year high of C$0.94. The stock has a market cap of C$477.12 million, a PE ratio of -90.00 and a beta of 0.98. The stock has a 50 day moving average of C$0.82.

Insider Activity at Coelacanth Energy

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

Coelacanth Energy Company Profile

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.