Lycos Energy (CVE:LCX) Shares Up 0.4% – Here’s What Happened

Lycos Energy Inc. (CVE:LCX) shares rose 0.4% during mid-day trading on Friday . The stock traded as high as C$2.70 and last traded at C$2.65. Approximately 34,750 shares traded hands during trading, a decline of 20% from the average daily volume of 43,321 shares. The stock had previously closed at C$2.64.

Analyst Upgrades and Downgrades

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

Lycos Energy Stock Up 0.4 %

The firm has a market capitalization of C$141.01 million and a price-to-earnings ratio of 13.95. The company’s fifty day moving average is C$2.80 and its two-hundred day moving average is C$3.06.

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.