Canacol Energy (OTCMKTS:CNNEF) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Canacol Energy Ltd (OTCMKTS:CNNEFGet Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.51 and traded as high as $2.71. Canacol Energy shares last traded at $2.71, with a volume of 100 shares traded.

Canacol Energy Stock Performance

The business has a 50 day moving average of $2.51 and a two-hundred day moving average of $2.75. The stock has a market capitalization of $92.45 million, a PE ratio of 4.04 and a beta of 0.96.

Canacol Energy Company Profile

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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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