Coelacanth Energy (CVE:CEI) PT Set at C$0.80 by TD

Coelacanth Energy (CVE:CEI) has been given a C$0.80 price target by research analysts at TD in a report issued on Tuesday, BayStreet reports. The brokerage presently has a “hold” rating on the stock. TD’s price objective points to a potential upside of 17.65% from the company’s current price.

Coelacanth Energy Price Performance

Shares of CEI stock traded down C$0.01 on Tuesday, hitting C$0.68. The stock had a trading volume of 23,493 shares, compared to its average volume of 259,263. The company’s 50 day moving average price is C$0.77 and its 200-day moving average price is C$0.82. Coelacanth Energy has a 1 year low of C$0.68 and a 1 year high of C$0.96. The firm has a market capitalization of C$431.02 million, a P/E ratio of -43.00 and a beta of 0.10.

About Coelacanth Energy

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.