Coelacanth Energy (CVE:CEI) Trading Up 1.2% - Here's What Happened

Coelacanth Energy Inc. (CVE:CEI - Get Free Report) traded up 1.2% on Tuesday . The company traded as high as C$0.86 and last traded at C$0.86. 8,000 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 128,524 shares. The stock had previously closed at C$0.85.

Wall Street Analyst Weigh In

Several research analysts have commented on CEI shares. Cormark raised shares of Coelacanth Energy to a "moderate buy" rating in a report on Tuesday, March 4th. Atb Cap Markets raised shares of Coelacanth Energy to a "strong-buy" rating in a research note on Thursday, February 6th.

Coelacanth Energy Stock Up 1.1%

The firm has a market cap of C$466.99 million, a PE ratio of -69.19 and a beta of 0.98. The stock has a 50 day moving average price of C$0.84 and a two-hundred day moving average price of C$0.83.

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.