Lycos Energy Inc. (CVE:LCX – Get Free Report) shares fell 5% during mid-day trading on Monday . The company traded as low as C$1.89 and last traded at C$1.91. 258,235 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 425,471 shares. The stock had previously closed at C$2.01.
Analyst Upgrades and Downgrades
Separately, National Bank Financial upgraded Lycos Energy from a “hold” rating to an “outperform” rating and increased their target price for the company from C$2.50 to C$3.00 in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lycos Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$1.85.
View Our Latest Research Report on Lycos Energy
Lycos Energy Trading Down 5.0%
About Lycos Energy
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.
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