Coelacanth Energy (CVE:CEI) Trading Up 1.2% – What’s Next?

Coelacanth Energy Inc. (CVE:CEI)’s share price shot up 1.2% during trading on Thursday . The stock traded as high as C$0.86 and last traded at C$0.86. 3,000 shares were traded during trading, a decline of 98% from the average session volume of 179,597 shares. The stock had previously closed at C$0.85.

Analyst Ratings Changes

A number of research firms recently weighed in on CEI. Cormark upgraded Coelacanth Energy to a “moderate buy” rating in a research report on Tuesday, March 4th. Atb Cap Markets raised shares of Coelacanth Energy to a “strong-buy” rating in a research note on Thursday, February 6th.

Coelacanth Energy Price Performance

The business’s 50-day moving average price is C$0.85. The firm has a market cap of C$456.38 million, a price-to-earnings ratio of -67.61 and a beta of 0.98.

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.