Lycos Energy (CVE:LCX) Stock Price Up 3.2% – Still a Buy?

Lycos Energy Inc. (CVE:LCX) traded up 3.2% during trading on Thursday . The stock traded as high as C$2.27 and last traded at C$2.27. 13,784 shares were traded during mid-day trading, a decline of 83% from the average session volume of 83,150 shares. The stock had previously closed at C$2.20.

Wall Street Analyst Weigh In

Separately, National Bankshares reduced their price objective on shares of Lycos Energy from C$5.25 to C$4.75 and set an “outperform” rating for the company in a research report on Thursday, January 30th.

Lycos Energy Trading Up 1.3 %

The firm’s 50-day moving average is C$2.34 and its two-hundred day moving average is C$2.63. The stock has a market cap of C$122.38 million and a price-to-earnings ratio of 12.11.

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.