Lycos Energy (CVE:LCX) Reaches New 52-Week Low – Time to Sell?

Lycos Energy Inc. (CVE:LCX)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as C$1.60 and last traded at C$1.60, with a volume of 500 shares trading hands. The stock had previously closed at C$1.70.

Wall Street Analyst Weigh In

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

Lycos Energy Price Performance

The stock has a 50 day simple moving average of C$2.22 and a 200-day simple moving average of C$2.53. The firm has a market cap of C$90.46 million and a PE ratio of 8.95.

About Lycos Energy

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.