Coelacanth Energy (CVE:CEI) Reaches New 52-Week Low – Should You Sell?

Shares of Coelacanth Energy Inc. (CVE:CEI) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.68 and last traded at C$0.68, with a volume of 23493 shares trading hands. The stock had previously closed at C$0.69.

Analyst Ratings Changes

CEI has been the topic of several recent research reports. TD set a C$0.80 price objective on Coelacanth Energy and gave the stock a “hold” rating in a research note on Tuesday. TD Securities upgraded Coelacanth Energy to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Coelacanth Energy currently has an average rating of “Hold” and a consensus target price of C$0.80.

Coelacanth Energy Stock Performance

The firm has a market cap of C$443.69 million, a P/E ratio of -43.00 and a beta of 0.10. The firm’s fifty day simple moving average is C$0.77 and its 200 day simple moving average is C$0.82.

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.