Lycos Energy (CVE:LCX) Reaches New 52-Week Low – What’s Next?

Lycos Energy Inc. (CVE:LCX)’s stock price hit a new 52-week low on Friday . The stock traded as low as C$1.60 and last traded at C$1.91, with a volume of 29445 shares traded. The stock had previously closed at C$2.16.

Wall Street Analysts Forecast Growth

Separately, National Bankshares cut their target price on shares of Lycos Energy from C$5.25 to C$4.75 and set an “outperform” rating on the stock in a research report on Thursday, January 30th.

Lycos Energy Stock Down 19.0 %

The firm has a market cap of C$93.12 million and a P/E ratio of 9.21. The business has a fifty day moving average of C$2.30 and a 200 day moving average of C$2.58.

Lycos Energy Company Profile

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.