Coelacanth Energy Inc. (CVE:CEI) Senior Officer Bret Alan Kimpton Sells 16,666 Shares

Key Points

• Coelacanth Energy Inc. Senior Officer Bret Alan Kimpton sold 16,666 shares of the company's stock at an average price of C$0.81, totaling approximately C$13,499.46.
• Shares of Coelacanth Energy are currently trading at C$0.82, reflecting a 1.2% increase during recent trading hours.
• Wall Street analysts from Roth Capital have set a C$1.05 price target on Coelacanth Energy shares and currently rate the stock as a "buy".

Coelacanth Energy Inc. (CVE:CEI - Get Free Report) Senior Officer Bret Alan Kimpton sold 16,666 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of C$0.81, for a total value of C$13,499.46.

Coelacanth Energy Price Performance

Shares of CVE:CEI remained flat at C$0.81 during trading on Friday. The company had a trading volume of 12,606 shares, compared to its average volume of 102,540. Coelacanth Energy Inc. has a fifty-two week low of C$0.69 and a fifty-two week high of C$0.98. The firm's fifty day simple moving average is C$0.84 and its 200-day simple moving average is C$0.84. The stock has a market capitalization of C$429.84 million, a P/E ratio of -63.68 and a beta of 0.98.

Wall Street Analyst Weigh In

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

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.