National Bankshares Cuts Lycos Energy (CVE:LCX) Price Target to C$4.75

Lycos Energy (CVE:LCX) had its price objective trimmed by National Bankshares from C$5.25 to C$4.75 in a research report report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Lycos Energy Trading Down 2.5 %

CVE LCX opened at C$2.38 on Thursday. Lycos Energy has a 1-year low of C$2.28 and a 1-year high of C$3.83. The company has a market capitalization of C$126.64 million and a price-to-earnings ratio of 12.53. The stock’s 50 day moving average is C$2.60 and its two-hundred day moving average is C$2.85.

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.