Coelacanth Energy (CVE:CEI) Reaches New 52-Week Low – Time to Sell?

Coelacanth Energy Inc. (CVE:CEI – Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as C$0.68 and last traded at C$0.68, with a volume of 145142 shares traded. The stock had previously closed at C$0.69.

Analyst Ratings Changes

CEI has been the subject of a number of recent research reports. TD set a C$0.80 price objective on shares of Coelacanth Energy and gave the company a “hold” rating in a report on Tuesday, September 8th. TD Securities upgraded Coelacanth Energy to a “hold” rating in a report on Wednesday, September 9th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$0.80.

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Coelacanth Energy Trading Down 1.4%

The firm has a fifty day moving average price of C$0.75 and a 200 day moving average price of C$0.81. The firm has a market cap of C$431.02 million, a PE ratio of -43.00 and a beta of 0.10.

Coelacanth Energy Company Profile

(Get Free Report)

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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