Coelacanth Energy (CVE:CEI) Upgraded to Hold at TD Securities

TD Securities upgraded shares of Coelacanth Energy (CVE:CEI) to a hold rating in a research report sent to investors on Wednesday,Zacks reports.

Separately, TD set a C$0.80 price objective on shares of Coelacanth Energy and gave the company a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Coelacanth Energy has an average rating of “Hold” and a consensus target price of C$0.80.

Coelacanth Energy Stock Performance

CVE CEI opened at C$0.71 on Wednesday. Coelacanth Energy has a 52 week low of C$0.68 and a 52 week high of C$0.96. The stock’s 50 day moving average price is C$0.77 and its two-hundred day moving average price is C$0.82. The stock has a market capitalization of C$450.03 million, a price-to-earnings 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.