Lycos Energy (CVE:LCX) Hits New 12-Month Low - What's Next?

Key Points

• Lycos Energy Inc. shares reached a new 52-week low of C$1.19, reflecting a significant drop from its previous close of C$1.32.
• Analysts have revised their ratings and price targets for the stock, with National Bankshares rating it as "sector perform" and lowering the target price from C$4.75 to C$2.00.
• The company's market capitalization stands at C$63.85 million, and it operates primarily in the development and production of petroleum and natural gas in Western Canada.

Lycos Energy Inc. (CVE:LCX - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$1.19 and last traded at C$1.19, with a volume of 49270 shares. The stock had previously closed at C$1.32.

Wall Street Analyst Weigh In

Several equities analysts have commented on LCX shares. National Bankshares cut shares of Lycos Energy from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$4.75 to C$2.00 in a research report on Tuesday, June 3rd. ATB Capital lowered their price target on shares of Lycos Energy from C$2.80 to C$2.25 and set an "outperform" rating on the stock in a report on Tuesday, June 3rd. National Bank Financial raised shares of Lycos Energy to a "hold" rating in a report on Friday, May 30th. Finally, BMO Capital Markets lowered their price target on shares of Lycos Energy from C$3.50 to C$2.50 in a report on Tuesday, June 3rd.

Lycos Energy Stock Performance

The company has a market capitalization of C$63.85 million and a P/E ratio of 6.32. The business has a 50 day moving average of C$1.34 and a 200-day moving average of C$1.82.

About Lycos Energy

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.

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