Lycos Energy (CVE:LCX) Shares Down 2.3% – Should You Sell?

Shares of Lycos Energy Inc. (CVE:LCX) dropped 2.3% during trading on Tuesday . The stock traded as low as C$2.55 and last traded at C$2.56. Approximately 121,042 shares traded hands 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.

Wall Street Analysts Forecast Growth

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

Lycos Energy Trading Down 2.3 %

The stock has a fifty day moving average price of C$2.70 and a 200 day moving average price of C$2.96. The firm has a market cap of C$136.22 million and a price-to-earnings ratio of 13.47.

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.