Coelacanth Energy (CVE:CEI) Given a C$1.15 Price Target by Ventum Financial Analysts

Key Points

• Coelacanth Energy has received a price target of C$1.15 from Ventum Financial, suggesting a potential upside of 43.75% based on its previous closing price.
• Insiders have sold a total of 400,356 shares worth C$320,493 over the last ninety days, with 31.60% of the stock owned by insiders.
• The company's stock has remained flat at C$0.80 during recent trading, with a market capitalization of C$424.54 million and a P/E ratio of -62.90.

Coelacanth Energy (CVE:CEI - Get Free Report) received a C$1.15 price objective from equities researchers at Ventum Financial in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Ventum Financial's price objective indicates a potential upside of 41.98% from the stock's current price.

Separately, Roth Capital set a C$1.05 target price on shares of Coelacanth Energy and gave the stock a "buy" rating in a research note on Monday, July 14th. One analyst has rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Strong Buy" and a consensus target price of C$1.10.

Coelacanth Energy Stock Performance

Shares of CEI stock traded up C$0.02 during mid-day trading on Wednesday, hitting C$0.81. The company's stock had a trading volume of 83,186 shares, compared to its average volume of 101,497. The company's fifty day simple moving average is C$0.83 and its 200-day simple moving average is C$0.84. Coelacanth Energy has a 52 week low of C$0.69 and a 52 week high of C$0.98. The company has a market cap of C$429.84 million, a PE ratio of -63.68 and a beta of 0.98.

Insiders Place Their Bets

In other Coelacanth Energy news, Director Robert John Zakresky sold 170,573 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of C$0.80, for a total transaction of C$136,458.40. Also, Senior Officer Jody Denis sold 54,960 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of C$0.80, for a total value of C$43,968.00. Over the last three months, insiders have sold 400,356 shares of company stock valued at $320,493. 31.60% of the stock is owned by insiders.

Coelacanth Energy Company Profile

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.