Lycos Energy (CVE:LCX) Shares Down 2.3% – Here’s Why

Lycos Energy Inc. (CVE:LCX)’s stock price dropped 2.3% on Tuesday . The stock traded as low as C$2.55 and last traded at C$2.56. Approximately 121,042 shares were traded during mid-day trading, an increase of 126% from the average daily volume of 53,616 shares. The stock had previously closed at C$2.62.

Analyst Upgrades and Downgrades

Separately, National Bankshares dropped their price objective on shares of Lycos Energy from C$9.00 to C$7.50 in a report on Friday, September 27th.

Lycos Energy Stock Performance

The company has a market capitalization of C$136.22 million and a P/E ratio of 13.47. The stock has a fifty day moving average of C$2.70 and a 200 day moving average of C$2.96.

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.