Coelacanth Energy Inc. (CVE:CEI – Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.72 and last traded at C$0.73, with a volume of 364329 shares traded. The stock had previously closed at C$0.75.
Coelacanth Energy Stock Down 4.0%
The firm has a market cap of C$456.24 million, a PE ratio of -43.00 and a beta of 0.19. The company’s 50 day moving average price is C$0.78 and its two-hundred day moving average price is C$0.82.
Insider Buying and Selling
In related news, insider Gmt Capital Corp sold 1,393,500 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$0.86, for a total value of C$1,198,410.00. Following the sale, the insider directly owned 70,759,335 shares of the company’s stock, valued at C$60,853,028.10. This represents a 1.93% decrease in their position. In the last 90 days, insiders have sold 7,743,167 shares of company stock worth $6,658,749. Corporate insiders own 31.60% of the company’s stock.
About Coelacanth Energy
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. Coelacanth Energy Inc was incorporated in 2022 and is headquartered in Calgary, Canada.
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