Leucrotta Exploration (CVE:LXE) Shares Down 84.6% - Here's Why

Key Points

• Shares plunged 84.6% in one day, falling from a prior close of C$2.21 to as low as C$0.25 (last C$0.34) on Wednesday while volume was just 52,382 shares versus an average of ~548,019.
• Despite the collapse, the company has a market cap of about C$84.9M, low reported P/E (0.81) and PEG (0.11), strong liquidity (quick ratio 4.34, current ratio 4.55) and low debt-to-equity (0.16), though the stock is highly volatile (beta 2.72) and trading well below its 50- and 200-day moving averages (~C$2.17–2.20).
• Leucrotta Exploration is an oil and natural gas explorer/producer operating in northeastern British Columbia with roughly 213,000 net acres of land.

Leucrotta Exploration Inc. (CVE:LXE - )'s stock price traded down 84.6% on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.34. 52,382 shares traded hands during trading, a decline of 90% from the average session volume of 548,019 shares. The stock had previously closed at C$2.21.

Leucrotta Exploration Trading Down 84.6%

The firm has a market cap of C$84.92 million, a price-to-earnings ratio of 0.81, a price-to-earnings-growth ratio of 0.11 and a beta of 2.72. The business's 50 day moving average price is C$2.17 and its 200-day moving average price is C$2.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.34 and a current ratio of 4.55.

Leucrotta Exploration Company Profile

Leucrotta Exploration Inc, an oil and natural gas company, acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. As of December 31, 2021, it owned approximately 213,000 net acres of land. The company was incorporated in 2014 and is based in Calgary, Canada.

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