Coelacanth Energy (CVE:CEI) Rating Increased to Strong-Buy at Atb Cap Markets

Coelacanth Energy (CVE:CEI - Get Free Report) was upgraded by equities research analysts at Atb Cap Markets to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

Coelacanth Energy Stock Down 2.2 %

CVE CEI traded down C$0.02 during trading hours on Thursday, reaching C$0.90. 74,500 shares of the company traded hands, compared to its average volume of 143,523. Coelacanth Energy has a 12 month low of C$0.69 and a 12 month high of C$0.95. The stock has a market capitalization of C$477.12 million, a PE ratio of -90.00 and a beta of 0.98. The stock has a 50 day simple moving average of C$0.83.

Insider Buying and Selling at Coelacanth Energy

In other news, Senior Officer Nolan Gregory Chicoine sold 38,535 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$0.85, for a total value of C$32,754.75. Insiders have sold 57,800 shares of company stock worth $48,721 in the last ninety days. 31.60% of the stock is owned by insiders.

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.