Coelacanth Energy (CVE:CEI) Stock Price Down 2.4% – Here’s What Happened

Shares of Coelacanth Energy Inc. (CVE:CEIGet Free Report) dropped 2.4% on Wednesday . The company traded as low as C$0.83 and last traded at C$0.83. Approximately 337,014 shares changed hands during mid-day trading, an increase of 85% from the average daily volume of 181,875 shares. The stock had previously closed at C$0.85.

Coelacanth Energy Stock Up 1.2%

The stock has a market cap of C$538.62 million, a price-to-earnings ratio of -42.50 and a beta of 0.31. The business’s fifty day moving average is C$0.85 and its two-hundred day moving average is C$0.83.

About Coelacanth Energy

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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.

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