Coelacanth Energy (CVE:CEI) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of Coelacanth Energy (CVE:CEI) to a moderate buy rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Atb Cap Markets raised Coelacanth Energy to a “strong-buy” rating in a research note on Thursday, February 6th.

Coelacanth Energy Stock Performance

Shares of Coelacanth Energy stock traded down C$0.04 on Tuesday, hitting C$0.80. The stock had a trading volume of 500 shares, compared to its average volume of 173,712. The firm has a market cap of C$424.54 million, a PE ratio of -62.90 and a beta of 0.98. The firm has a 50-day moving average of C$0.85. Coelacanth Energy has a one year low of C$0.69 and a one year high of C$0.98.

Insider Transactions at Coelacanth Energy

In other Coelacanth Energy news, Senior Officer Nolan Gregory Chicoine sold 38,535 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$0.85, for a total transaction of C$32,754.75. In the last ninety days, insiders sold 57,800 shares of company stock valued at $48,721. Company insiders own 31.60% of the company’s stock.

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.