Lycos Energy (CVE:LCX) Hits New 12-Month Low – Should You Sell?

Lycos Energy Inc. (CVE:LCX) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$2.20 and last traded at C$2.23, with a volume of 16216 shares traded. The stock had previously closed at C$2.36.

Analysts Set New Price Targets

Separately, National Bankshares lowered their price target on Lycos Energy from C$5.25 to C$4.75 and set an “outperform” rating on the stock in a report on Thursday, January 30th.

Lycos Energy Stock Down 2.1 %

The company has a market capitalization of C$122.92 million and a PE ratio of 12.16. The business has a 50 day simple moving average of C$2.57 and a 200 day simple moving average of C$2.83.

Lycos Energy Company Profile

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.