Canacol Energy (TSE:CNE) Trading 11.4% Higher – Here’s Why

Shares of Canacol Energy Ltd (TSE:CNE) shot up 11.4% during mid-day trading on Wednesday . The stock traded as high as C$3.83 and last traded at C$3.80. 123,642 shares changed hands during trading, an increase of 189% from the average session volume of 42,838 shares. The stock had previously closed at C$3.41.

Canacol Energy Price Performance

The company has a current ratio of 0.97, a quick ratio of 1.34 and a debt-to-equity ratio of 203.67. The stock has a market capitalization of C$131.32 million, a PE ratio of 8.66 and a beta of 0.82. The business has a fifty day moving average price of C$3.26 and a 200-day moving average price of C$3.97.

Canacol Energy Company Profile

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.