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

Lycos Energy Inc. (CVE:LCX - Get Free Report)'s share price reached a new 52-week low on Monday . The company traded as low as C$1.50 and last traded at C$1.51, with a volume of 82172 shares trading hands. The stock had previously closed at C$1.64.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Lycos Energy from C$3.50 to C$2.50 in a research report on Tuesday. National Bank Financial raised shares of Lycos Energy to a "hold" rating in a research report on Friday, May 30th. ATB Capital reduced their target price on shares of Lycos Energy from C$2.80 to C$2.25 and set an "outperform" rating for the company in a research report on Tuesday. Finally, National Bankshares cut shares of Lycos Energy from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$4.75 to C$2.00 in a research note on Tuesday.

Lycos Energy Stock Performance

The company has a market capitalization of C$76.62 million and a PE ratio of 7.58. The stock's 50 day moving average is C$1.76 and its 200 day moving average is C$2.23.

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.