Lycos Energy (CVE:LCX) Stock Price Up 5.3% - What's Next?

Key Points

• Shares rose 5.3% to C$1.79 (intraday high C$1.80) on Tuesday, but volume was light at 121,232 shares, down 71% from the average session volume.
• Haywood Securities upgraded Lycos from "hold" to "buy" while cutting its price objective from C$1.50 to C$0.65; overall there are two Buy and two Hold ratings with a MarketBeat average rating of "Moderate Buy" and an average price target of C$1.60.
• Lycos is a junior oil & gas producer focused on heavy-oil assets in Saskatchewan and Lloydminster, with a market cap of C$97.43 million, a negative P/E (-1.54), and 50-/200-day moving averages of C$1.24 and C$1.13 respectively.

Lycos Energy Inc. (CVE:LCX - Get Free Report) shares traded up 5.3% on Tuesday . The stock traded as high as C$1.80 and last traded at C$1.79. 121,232 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 417,738 shares. The stock had previously closed at C$1.70.

Analyst Ratings Changes

Separately, Haywood Securities upgraded Lycos Energy from a "hold" rating to a "buy" rating and decreased their price objective for the stock from C$1.50 to C$0.65 in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$1.60.

Lycos Energy Price Performance

The firm's 50-day moving average price is C$1.24 and its 200-day moving average price is C$1.13. The company has a market cap of C$97.43 million, a price-to-earnings ratio of -1.54 and a beta of 0.68.

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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