Canacol Energy (TSE:CNE) Shares Cross Below 200-Day Moving Average – What’s Next?

Canacol Energy Ltd (TSE:CNEGet Free Report)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.82 and traded as low as C$3.47. Canacol Energy shares last traded at C$3.55, with a volume of 74,478 shares traded.

Canacol Energy Price Performance

The business’s 50-day moving average price is C$3.49 and its 200 day moving average price is C$3.81. The company has a market capitalization of C$121.09 million, a P/E ratio of 7.55 and a beta of 0.82. The company has a quick ratio of 1.34, a current ratio of 0.97 and a debt-to-equity ratio of 203.67.

Canacol Energy Company Profile

(Get Free Report)

Canacol Energy Ltd operates as an oil and gas company in Colombia. It engages in the exploration and development of natural gas. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada.

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