Coelacanth Energy (CVE:CEI) Sets New 1-Year Low – What’s Next?

Coelacanth Energy Inc. (CVE:CEI)’s share price hit a new 52-week low during trading on Monday. The stock traded as low as C$0.65 and last traded at C$0.66, with a volume of 135488 shares. The stock had previously closed at C$0.67.

Analyst Ratings Changes

CEI has been the topic of a number of recent research reports. TD Securities upgraded Coelacanth Energy to a “hold” rating in a report on Wednesday, September 9th. TD set a C$0.80 price target on Coelacanth Energy and gave the stock a “hold” rating in a report on Tuesday, September 8th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$0.80.

Coelacanth Energy Stock Down 1.5%

The company has a market capitalization of C$418.39 million, a P/E ratio of -43.00 and a beta of 0.39. The business’s 50-day moving average is C$0.73 and its two-hundred day moving average is C$0.80.

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.