Leucrotta Exploration Inc (CVE:LXE) Senior Officer Sells C$81,000.00 in Stock

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Leucrotta Exploration Inc (CVE:LXE) Senior Officer Robert John Zakresky sold 100,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of C$0.81, for a total value of C$81,000.00. Following the completion of the transaction, the insider now directly owns 5,232,720 shares in the company, valued at C$4,238,503.20.

Shares of LXE opened at C$0.72 on Wednesday. The stock’s 50-day moving average is C$0.86. The firm has a market cap of $150.39 million and a P/E ratio of -33.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.55 and a quick ratio of 1.29. Leucrotta Exploration Inc has a fifty-two week low of C$0.70 and a fifty-two week high of C$2.00.

Leucrotta Exploration (CVE:LXE) last announced its quarterly earnings results on Wednesday, May 29th. The oil and natural gas company reported C$0.01 earnings per share for the quarter, hitting the consensus estimate of C$0.01. The company had revenue of C$8.10 million for the quarter, compared to analyst estimates of C$9.35 million. As a group, analysts predict that Leucrotta Exploration Inc will post 0.01 earnings per share for the current fiscal year.

LXE has been the topic of several research reports. GMP Securities reissued a “buy” rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. Raymond James reissued an “outperform” rating and issued a $36.00 target price on shares of Zymeworks in a research report on Thursday, May 30th. National Bank Financial cut their price target on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Cormark cut their price target on Prairie Provident Resources from C$0.45 to C$0.40 in a research report on Tuesday, April 23rd.

Leucrotta Exploration Company Profile

Leucrotta Exploration Inc operates as an oil and natural gas company. The company acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. It holds interest in approximately 100,500 gross acres of Montney land in Doe/Mica. Leucrotta Exploration Inc was incorporated in 2014 and is based in Calgary, Canada.

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