Lycos Energy (CVE:LCX) Stock Price Down 6.1% - Should You Sell?

Lycos Energy Inc. (CVE:LCX - Get Free Report)'s share price was down 6.1% on Wednesday . The company traded as low as C$1.23 and last traded at C$1.23. Approximately 3,125 shares were traded during trading, a decline of 95% from the average daily volume of 63,494 shares. The stock had previously closed at C$1.31.

Wall Street Analyst Weigh In

LCX has been the subject of a number of research analyst reports. ATB Capital dropped their price objective on 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. National Bank Financial upgraded Lycos Energy to a "hold" rating in a report on Friday, May 30th. BMO Capital Markets dropped their price objective on Lycos Energy from C$3.50 to C$2.50 in a report on Tuesday, June 3rd. Finally, National Bankshares downgraded Lycos Energy from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$4.75 to C$2.00 in a report on Tuesday, June 3rd.

Lycos Energy Price Performance

The firm's 50-day moving average price is C$1.53 and its 200 day moving average price is C$1.99. The firm has a market cap of C$65.45 million and a P/E ratio of 6.47.

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.