Lycos Energy (CVE:LCX) Stock Price Up 3.2% – Here’s Why

Shares of Lycos Energy Inc. (CVE:LCX) rose 3.2% during mid-day trading on Thursday . The company traded as high as C$2.27 and last traded at C$2.27. Approximately 13,784 shares changed hands during trading, a decline of 83% from the average daily volume of 83,150 shares. The stock had previously closed at C$2.20.

Analyst Upgrades and Downgrades

Separately, National Bankshares decreased their price target on Lycos Energy from C$5.25 to C$4.75 and set an “outperform” rating for the company in a research note on Thursday, January 30th.

Lycos Energy Trading Up 3.2 %

The stock has a 50-day simple moving average of C$2.34 and a two-hundred day simple moving average of C$2.63. The firm has a market capitalization of C$120.79 million and a P/E ratio of 11.95.

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.