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) has been given a C$1.15 price objective by analysts at Ventum Financial in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Ventum Financial's price target indicates a potential upside of 43.75% from the stock's previous close.

Separately, Roth Capital set a C$1.05 price objective on Coelacanth Energy and gave the company a "buy" rating in a report on Monday, July 14th.

Coelacanth Energy Stock Performance

Shares of CVE:CEI remained flat at C$0.80 during trading on Wednesday. The company had a trading volume of 3,500 shares, compared to its average volume of 101,629. The firm has a market capitalization of C$424.54 million, a P/E ratio of -62.90 and a beta of 0.98. The firm has a 50-day moving average of C$0.84 and a 200-day moving average of C$0.84. Coelacanth Energy has a 12-month low of C$0.69 and a 12-month high of C$0.98.

Insider Transactions at Coelacanth Energy

In other news, Senior Officer Jody Denis sold 54,960 shares of the firm's 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. Also, Director Robert John Zakresky sold 170,573 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of C$0.80, for a total transaction of C$136,458.40. Insiders have sold a total of 400,356 shares of company stock worth $320,493 over the last ninety days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.