Lycos Energy (CVE:LCX) Hits New 52-Week Low - Here's What Happened

Lycos Energy Inc. (CVE:LCX - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as C$1.29 and last traded at C$1.29, with a volume of 30576 shares traded. The stock had previously closed at C$1.38.

Analyst Upgrades and Downgrades

LCX has been the topic of several analyst reports. BMO Capital Markets dropped their target price on Lycos Energy from C$3.50 to C$2.50 in a report on Tuesday, June 3rd. ATB Capital dropped 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 research note on Tuesday, June 3rd. National Bank Financial raised shares of Lycos Energy to a "hold" rating in a research report on Friday, May 30th. Finally, National Bankshares lowered 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.

Lycos Energy Stock Performance

The company's fifty day simple moving average is C$1.63 and its two-hundred day simple moving average is C$2.10. The company has a market capitalization of C$69.17 million and a price-to-earnings ratio of 6.84.

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.

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