Lycos Energy (CVE:LCX) Sets New 52-Week High – Here’s Why

Lycos Energy Inc. (CVE:LCX)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.65 and last traded at C$2.61, with a volume of 1014666 shares traded. The stock had previously closed at C$2.50.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded Lycos Energy from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$2.50 to C$3.00 in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$1.85.

Lycos Energy Trading Up 2.4%

The firm’s 50 day simple moving average is C$1.87 and its 200-day simple moving average is C$1.31. The stock has a market capitalization of C$276.53 million, a price-to-earnings ratio of -2.75 and a beta of 0.12.

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.