Coelacanth Energy Inc. (CVE:CEI – Get Free Report) reached a new 52-week low on Thursday. The stock traded as low as C$0.64 and last traded at C$0.66, with a volume of 335,260 shares changing hands. The stock had previously closed at C$0.67.
Analyst Upgrades and Downgrades
CEI has been the topic of a number of recent research reports. TD set a C$0.80 target price on shares of Coelacanth Energy and gave the company a “hold” rating in a report on Tuesday, September 8th. TD Securities raised shares of Coelacanth Energy to a “hold” rating in a research report on Wednesday, September 9th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Coelacanth Energy has an average rating of “Hold” and an average target price of C$0.80.
Get Our Latest Analysis on Coelacanth Energy
Coelacanth Energy Price Performance
The stock has a market cap of C$431.29 million, a PE ratio of -43.00 and a beta of 0.30. The company has a 50-day simple moving average of C$0.70 and a 200-day simple moving average of C$0.79.
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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