Shares of Coelacanth Energy Inc. (CVE:CEI – Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.76 and last traded at C$0.76, with a volume of 56675 shares changing hands. The stock had previously closed at C$0.80.
Coelacanth Energy Stock Performance
The company has a market cap of C$481.59 million, a PE ratio of -43.00 and a beta of 0.19. The business’s 50-day moving average is C$0.80 and its 200 day moving average is C$0.83.
Insider Activity
In other news, insider Gmt Capital Corp sold 1,393,500 shares of Coelacanth Energy stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$0.86, for a total value of C$1,198,410.00. Following the transaction, the insider owned 70,759,335 shares in the company, valued at approximately C$60,853,028.10. The trade was a 1.93% decrease in their ownership of the stock. Insiders sold 8,004,167 shares of company stock worth $6,885,819 over the last quarter. 31.60% of the stock is currently owned by company insiders.
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.
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