Lycos Energy (CVE:LCX) Trading Up 0.4% – Time to Buy?

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

Wall Street Analyst Weigh In

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

Lycos Energy Stock Performance

The stock has a market cap of C$141.01 million and a P/E ratio of 13.95. The company has a 50-day simple moving average of C$2.80 and a 200-day simple moving average of C$3.07.

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.