Leucrotta Exploration Inc. (LXE.V) (CVE:LXE) Shares Pass Below Fifty Day Moving Average of $0.70

Leucrotta Exploration Inc. (LXE.V) (CVE:LXE)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.70 and traded as low as $0.63. Leucrotta Exploration Inc. (LXE.V) shares last traded at $0.63, with a volume of 16,450 shares changing hands.

A number of research firms have recently issued reports on LXE. CIBC lifted their price objective on shares of Leucrotta Exploration Inc. (LXE.V) from C$0.60 to C$0.70 in a report on Thursday, August 27th. Stifel Firstegy lowered Leucrotta Exploration Inc. (LXE.V) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Royal Bank of Canada increased their price objective on Leucrotta Exploration Inc. (LXE.V) from C$0.50 to C$0.70 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Raymond James boosted their target price on Leucrotta Exploration Inc. (LXE.V) from C$0.75 to C$0.90 and gave the stock a “market perform” rating in a research report on Wednesday, October 14th. Finally, National Bank Financial set a C$0.75 price target on shares of Leucrotta Exploration Inc. (LXE.V) and gave the company a “sector perform” rating in a research report on Monday, November 9th.

The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of 2.81. The company has a fifty day moving average price of C$0.70 and a 200 day moving average price of C$0.58. The stock has a market cap of C$140.37 million and a PE ratio of -1.40.

Leucrotta Exploration Inc. (LXE.V) (CVE:LXE) last posted its quarterly earnings results on Thursday, November 19th. The oil and natural gas company reported C($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.01). The company had revenue of C$5.84 million for the quarter, compared to the consensus estimate of C$5.20 million. As a group, research analysts predict that Leucrotta Exploration Inc. will post -0.03 earnings per share for the current year.

Leucrotta Exploration Inc. (LXE.V) Company Profile (CVE:LXE)

Leucrotta Exploration Inc, an oil and natural gas company, acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. It holds approximately 90,200 net acres of Montney land in Doe/Mica. The company was incorporated in 2014 and is based in Calgary, Canada.

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