Canacol Energy (TSE:CNE) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Canacol Energy Ltd (TSE:CNEGet Free Report)’s stock price crossed 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.

Canacol Energy Stock Performance

The firm’s 50 day simple moving average is C$3.48 and its 200 day simple moving average is C$3.82. The firm has a market capitalization of C$121.09 million, a price-to-earnings ratio of 7.55 and a beta of 0.82. The company has a debt-to-equity ratio of 203.67, a quick ratio of 1.34 and a current ratio of 0.97.

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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