
Lycos Energy (CVE:LCX) Trading 12.7% Higher - Still a Buy?

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Lycos Energy (CVE:LCX) shares rose 12.7% to C$1.60, with trading volume increasing by 49%. Haywood Securities upgraded the stock from "hold" to "buy" but lowered the price target from C$1.50 to C$0.65. Analysts rate the stock as a "Moderate Buy" with an average target of C$1.60. The company focuses on petroleum and natural gas production in Western Canada, with a market cap of C$83.05 million and a P/E ratio of -1.31.
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