Leucrotta Exploration (CVE:LXE) Stock Price Down 84.6% – Here’s What Happened

Leucrotta Exploration Inc. (CVE:LXE) was down 84.6% during mid-day trading on Wednesday . The company traded as low as C$0.25 and last traded at C$0.34. Approximately 52,382 shares were traded during trading, a decline of 90% from the average daily volume of 548,019 shares. The stock had previously closed at C$2.21.

Leucrotta Exploration Stock Down 84.6%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.34 and a current ratio of 4.55. The stock has a 50 day moving average price of C$2.17 and a 200 day moving average price of C$2.20. The company has a market cap of C$84.92 million, a P/E ratio of 0.81, a P/E/G ratio of 0.11 and a beta of 2.72.

About Leucrotta Exploration

Leucrotta Exploration Inc, an oil and natural gas company, acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. As of December 31, 2021, it owned approximately 213,000 net acres of land. The company was incorporated in 2014 and is based in Calgary, Canada.