Lycos Energy (CVE:LCX) Stock Price Down 0.3% – Time to Sell?

Lycos Energy Inc. (CVE:LCX)’s stock price traded down 0.3% during trading on Friday . The company traded as low as C$2.79 and last traded at C$2.92. 3,100 shares were traded during trading, a decline of 94% from the average session volume of 48,594 shares. The stock had previously closed at C$2.93.

Analyst Ratings Changes

Separately, National Bankshares cut their price target on shares of Lycos Energy from C$9.00 to C$7.50 in a report on Friday, September 27th.

Lycos Energy Trading Down 0.3 %

The firm has a market capitalization of C$155.37 million and a P/E ratio of 15.37. The business has a 50 day simple moving average of C$2.99.

Lycos Energy (CVE:LCX) last posted its quarterly earnings data on Thursday, August 22nd. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.07. The business had revenue of C$39.72 million for the quarter, compared to analysts’ expectations of C$40.50 million. Lycos Energy had a return on equity of 7.16% and a net margin of 9.90%. As a group, research analysts predict that Lycos Energy Inc. will post 0.5 earnings per share for the current fiscal year.

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.