Royal Bank of Canada Cuts Leucrotta Exploration (CVE:LXE) Price Target to C$1.15
Leucrotta Exploration (CVE:LXE) had its price target cut by Royal Bank of Canada from C$1.50 to C$1.15 in a research note released on Thursday, BayStreet.CA reports.
LXE has been the topic of a number of other reports. GMP Securities restated a buy rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Cormark decreased their price target on Prairie Provident Resources from C$0.45 to C$0.40 in a research report on Tuesday, April 23rd. Raymond James reiterated an outperform rating and set a $36.00 price target on shares of Zymeworks in a research report on Thursday, May 30th. Finally, National Bank Financial decreased their price target on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th.
Shares of Leucrotta Exploration stock opened at C$0.74 on Thursday. Leucrotta Exploration has a 52-week low of C$0.70 and a 52-week high of C$1.99. The firm has a 50-day moving average price of C$0.85. The company has a market cap of $148.39 million and a PE ratio of -33.20. The company has a quick ratio of 1.29, a current ratio of 1.55 and a debt-to-equity ratio of 0.08.
In other news, Senior Officer Robert John Zakresky sold 100,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of C$0.81, for a total transaction of C$81,000.00. Following the completion of the transaction, the insider now owns 5,232,720 shares of the company’s stock, valued at C$4,238,503.20. Also, Senior Officer Richard Douglas Sereda sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$0.86, for a total value of C$43,100.00. Following the transaction, the insider now directly owns 851,706 shares of the company’s stock, valued at approximately C$734,170.57.
Leucrotta Exploration Company Profile
Leucrotta Exploration Inc operates as an oil and natural gas company. The company acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. It holds interest in approximately 100,500 gross acres of Montney land in Doe/Mica. Leucrotta Exploration Inc was incorporated in 2014 and is based in Calgary, Canada.
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