Coelacanth Energy (CVE:CEI) Reaches New 52-Week Low – What’s Next?

Coelacanth Energy Inc. (CVE:CEI) reached a new 52-week low on Monday. The company traded as low as C$0.67 and last traded at C$0.67, with a volume of 4921 shares trading hands. The stock had previously closed at C$0.69.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Securities upgraded Coelacanth Energy to a “hold” rating in a research note on Wednesday, September 9th. TD set a C$0.80 target price on Coelacanth Energy and gave the stock a “hold” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Coelacanth Energy presently has a consensus rating of “Hold” and a consensus price target of C$0.80.

Coelacanth Energy Stock Performance

The firm’s 50-day moving average is C$0.75 and its two-hundred day moving average is C$0.81. The stock has a market cap of C$424.73 million, a P/E ratio of -43.00 and a beta of 0.10.

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. Coelacanth Energy Inc was incorporated in 2022 and is headquartered in Calgary, Canada.