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

Canacol Energy Ltd (TSE:CNEGet Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Canacol Energy Trading Down 4.3 %

The business’s fifty day moving average is C$3.72 and its two-hundred day moving average is C$3.77. The company has a quick ratio of 1.34, a current ratio of 0.97 and a debt-to-equity ratio of 203.67. The firm has a market cap of C$122.45 million, a price-to-earnings ratio of 7.64 and a beta of 0.82.

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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