Lycos Energy (CVE:LCX) Reaches New 12-Month Low - Here's Why

Lycos Energy Inc. (CVE:LCX - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$1.29 and last traded at C$1.29, with a volume of 30576 shares trading hands. The stock had previously closed at C$1.38.

Wall Street Analysts Forecast Growth

LCX has been the subject of several recent analyst reports. National Bank Financial upgraded shares of Lycos Energy to a "hold" rating in a report on Friday, May 30th. ATB Capital decreased their price objective on shares of Lycos Energy from C$2.80 to C$2.25 and set an "outperform" rating for the company in a report on Tuesday, June 3rd. BMO Capital Markets decreased their price objective on shares of Lycos Energy from C$3.50 to C$2.50 in a report on Tuesday, June 3rd. Finally, National Bankshares lowered shares of Lycos Energy from an "outperform" rating to a "sector perform" rating and cut their target price for the company from C$4.75 to C$2.00 in a research note on Tuesday, June 3rd.

Lycos Energy Trading Up 0.8%

The company has a market cap of C$65.98 million and a PE ratio of 6.53. The business's 50-day simple moving average is C$1.60 and its 200-day simple moving average is C$2.07.

Lycos Energy Company Profile

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.