Lycos Energy (CVE:LCX) Sets New 12-Month Low - Should You Sell?

Key Points

• Lycos Energy Inc. (CVE:LCX) shares hit a new 12-month low, trading at C$1.17, marking significant downward movement with a current market cap of C$62.82 million.
• The stock has a P/E ratio of -1.01 and a beta of 11.70, indicating high volatility and negative earnings.
• Lycos Energy operates primarily in Western Canada, focusing on the development and production of petroleum and natural gas, particularly in the Gull Lake and Lloydminster areas.

Lycos Energy Inc. (CVE:LCX - ) shares reached a new 52-week low on Thursday . The stock traded as low as C$1.17 and last traded at C$1.18, with a volume of 11450 shares trading hands. The stock had previously closed at C$1.18.

Lycos Energy Price Performance

The stock has a market capitalization of C$62.82 million, a P/E ratio of -1.01 and a beta of 11.70. The firm has a 50-day moving average of C$1.24 and a 200 day moving average of C$1.51.

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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