Shares of Coelacanth Energy Inc. (CVE:CEI – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.76 and last traded at C$0.77, with a volume of 42200 shares. The stock had previously closed at C$0.76.
Coelacanth Energy Stock Performance
The company has a 50-day simple moving average of C$0.79 and a 200 day simple moving average of C$0.82. The company has a market cap of C$487.92 million, a P/E ratio of -43.00 and a beta of 0.19.
Insider Activity at Coelacanth Energy
In related news, insider Gmt Capital Corp sold 1,393,500 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$0.86, for a total value of C$1,198,410.00. Following the transaction, the insider owned 70,759,335 shares of the company’s stock, valued at C$60,853,028.10. This trade represents a 1.93% decrease in their position. Insiders have sold 8,004,167 shares of company stock valued at $6,885,819 in the last quarter. Corporate insiders own 31.60% of the company’s stock.
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.
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