Coelacanth Energy (CVE:CEI) Stock Rating Upgraded by Ventum Cap Mkts

Key Points

• Coelacanth Energy's stock rating has been upgraded to a "strong-buy" by Ventum Capital Markets, indicating increased investor confidence in the company's future performance.
• Analysts have set varied price targets for the stock, with Ventum Financial targeting C$1.15 and Roth Capital setting a C$1.05 price target, while the average consensus target price is C$1.10.
• Insider sales include a significant transaction where Senior Officer John Nandor Fur sold 59,700 shares at C$0.80, contributing to a total of 400,356 shares sold by insiders in the last ninety days.

Coelacanth Energy (CVE:CEI - Get Free Report) was upgraded by investment analysts at Ventum Cap Mkts to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Several other research analysts have also issued reports on CEI. Ventum Financial set a C$1.15 price target on shares of Coelacanth Energy and gave the stock a "buy" rating in a research report on Wednesday. Roth Capital set a C$1.05 price target on shares of Coelacanth Energy and gave the stock a "buy" rating in a research report on Monday, July 14th. One analyst has rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Coelacanth Energy presently has an average rating of "Strong Buy" and a consensus target price of C$1.10.

Coelacanth Energy Stock Performance

Shares of CEI opened at C$0.80 on Wednesday. The company has a 50-day simple moving average of C$0.84 and a 200-day simple moving average of C$0.84. The firm has a market capitalization of C$424.54 million, a P/E ratio of -62.90 and a beta of 0.98. Coelacanth Energy has a 52 week low of C$0.69 and a 52 week high of C$0.98.

Insider Activity

In other Coelacanth Energy news, Senior Officer John Nandor Fur sold 59,700 shares of the stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of C$0.80, for a total value of C$47,760.00. 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 transaction of C$43,968.00. In the last ninety days, insiders have sold 400,356 shares of company stock valued at $320,493. 31.60% of the stock is currently owned by company insiders.

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.

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