Coelacanth Energy (CVE:CEI) Given a C$0.80 Price Target at TD

Coelacanth Energy (CVE:CEI) received a C$0.80 target price from equities researchers at TD in a note issued to investors on Tuesday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD’s price objective would suggest a potential upside of 17.65% from the stock’s previous close.

Coelacanth Energy Price Performance

Shares of Coelacanth Energy stock traded down C$0.01 on Tuesday, reaching C$0.68. 23,493 shares of the company were exchanged, compared to its average volume of 259,263. Coelacanth Energy has a 1-year low of C$0.68 and a 1-year high of C$0.96. The company has a market cap of C$431.02 million, a P/E ratio of -43.00 and a beta of 0.10. The stock’s 50 day moving average price is C$0.77 and its 200-day moving average price is C$0.82.

Coelacanth Energy Company Profile

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. Coelacanth Energy Inc was incorporated in 2022 and is headquartered in Calgary, Canada.