Coelacanth Energy (CVE:CEI) Reaches New 1-Year Low – Time to Sell?

Coelacanth Energy Inc. (CVE:CEI)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$0.67 and last traded at C$0.67, with a volume of 4921 shares traded. The stock had previously closed at C$0.69.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Securities raised Coelacanth Energy to a “hold” rating in a research report on Wednesday, September 9th. TD set a C$0.80 target price on Coelacanth Energy and gave the stock a “hold” rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Coelacanth Energy has an average rating of “Hold” and a consensus price target of C$0.80.

Coelacanth Energy Price Performance

The company has a market cap of C$424.73 million, a price-to-earnings ratio of -43.00 and a beta of 0.10. The firm has a fifty day simple moving average of C$0.75 and a 200 day simple moving average of C$0.81.

Coelacanth Energy Company Profile

Coelacanth Energy Inc, an oil and natural gas company, engages in the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada. The company owns approximately 150 net sections of Montney acreage located in the Two Rivers area of northeastern British Columbia. Coelacanth Energy Inc was incorporated in 2022 and is headquartered in Calgary, Canada.