Cenovus Energy (TSE:CVE) Reaches New 12-Month High - Here's What Happened

Cenovus Energy (TSE:CVE) shares reached a new 52-week high, trading as high as C$28.02 with a significant volume. The company holds a “Buy” consensus from analysts, an average price target of C$29.41, and pays a quarterly dividend. Insider activity shows a recent purchase by a director, and the company has a strong market cap and PE ratio.

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