Raymond James Thinks Leucrotta Exploration’s Stock is Going to Recover


Leucrotta Exploration (LXE), the Materials sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Kurt Molnar, with a C$1.25 price target.

According to TipRanks.com, Molnar is ranked 0 out of 5 stars with an average return of -17.3% and a 25.6% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Birchcliff Energy Ltd, and Bonterra Energy Corp.

Currently, the analyst consensus on Leucrotta Exploration is a Moderate Buy with an average price target of C$1.58.

The company has a one-year high of C$2.12 and a one-year low of C$0.81. Currently, Leucrotta Exploration has an average volume of 165.5K.

Leucrotta Exploration, Inc. engages in the acquisition, development, exploration, and production of oil and natural gas reserves in northeastern British Columbia, Canada. The company was founded on June 10, 2014 and is headquartered in Calgary, Canada.

The company’s shares closed on Monday at C$0.89, close to its 52-week low of C$0.81.

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