Canacol Energy (TSE:CNE) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of Canacol Energy Ltd (TSE:CNEGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.78 and traded as high as C$3.79. Canacol Energy shares last traded at C$3.71, with a volume of 17,269 shares.

Canacol Energy Stock Down 0.3 %

The firm’s 50-day simple moving average is C$3.70 and its two-hundred day simple moving average is C$3.78. The company has a debt-to-equity ratio of 203.67, a current ratio of 0.97 and a quick ratio of 1.34. The company has a market capitalization of C$126.55 million, a price-to-earnings ratio of 7.89 and a beta of 0.82.

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.

Further Reading

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