Coelacanth Energy (CVE:CEI) Upgraded by Atb Cap Markets to “Strong-Buy” Rating

Coelacanth Energy (CVE:CEI) was upgraded by Atb Cap Markets to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Coelacanth Energy Price Performance

Shares of CEI stock opened at C$0.90 on Thursday. Coelacanth Energy has a 12 month low of C$0.69 and a 12 month high of C$0.94. The company has a market cap of C$477.12 million, a P/E ratio of -90.00 and a beta of 0.98. The stock has a 50 day moving average price of C$0.82.

Insider Buying and Selling

In other Coelacanth Energy news, Senior Officer Nolan Gregory Chicoine sold 38,535 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$0.85, for a total transaction of C$32,754.75. Insiders sold a total of 57,800 shares of company stock valued at $48,721 over the last ninety days. 31.60% of the stock is owned by company insiders.

About Coelacanth Energy

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.