Canacol Energy (TSE:CNE) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Canacol Energy Ltd (TSE:CNEGet Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Canacol Energy Price Performance

The firm’s 50 day moving average price is C$3.49 and its two-hundred day moving average price is C$3.81. 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 stock has a market cap of C$121.09 million, a PE ratio of 7.55 and a beta of 0.82.

About Canacol Energy

(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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