Cormark Upgrades Coelacanth Energy (CVE:CEI) to Moderate Buy

Cormark upgraded shares of Coelacanth Energy (CVE:CEI - Free Report) to a moderate buy rating in a research note published on Tuesday morning,Zacks.com reports. Cormark also issued estimates for Coelacanth Energy's FY2024 earnings at ($0.02) EPS, FY2025 earnings at $0.02 EPS and FY2026 earnings at $0.08 EPS.

Separately, Atb Cap Markets upgraded shares of Coelacanth Energy to a "strong-buy" rating in a research report on Thursday, February 6th.

Coelacanth Energy Trading Up 1.2 %

Shares of CVE CEI traded up C$0.01 during midday trading on Tuesday, reaching C$0.85. The company's stock had a trading volume of 6,600 shares, compared to its average volume of 172,314. Coelacanth Energy has a fifty-two week low of C$0.69 and a fifty-two week high of C$0.98. The stock's 50 day moving average price is C$0.85. The firm has a market cap of C$451.07 million, a P/E ratio of -66.83 and a beta of 0.98.

About Coelacanth Energy

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.