Coelacanth Energy (CVE:CEI) Shares Up 1.2% – Should You Buy?

Shares of Coelacanth Energy Inc. (CVE:CEI) rose 1.2% during trading on Thursday . The stock traded as high as C$0.86 and last traded at C$0.86. Approximately 3,000 shares traded hands during trading, a decline of 98% from the average daily volume of 179,597 shares. The stock had previously closed at C$0.85.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Atb Cap Markets raised shares of Coelacanth Energy to a “strong-buy” rating in a research note on Thursday, February 6th. Cormark raised Coelacanth Energy to a “moderate buy” rating in a research note on Tuesday, March 4th.

Coelacanth Energy Trading Up 1.2 %

The business has a fifty day simple moving average of C$0.85. The stock has a market capitalization of C$456.38 million, a price-to-earnings ratio of -67.61 and a beta of 0.98.

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.