Canacol Energy (TSE:CNE) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Canacol Energy Ltd (TSE:CNEGet Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$3.80 and traded as low as C$3.75. Canacol Energy shares last traded at C$3.85, with a volume of 16,979 shares trading hands.

Canacol Energy Stock Down 1.0 %

The stock has a market capitalization of C$130.64 million, a price-to-earnings ratio of 8.15 and a beta of 0.82. The firm has a 50 day simple moving average of C$3.60 and a 200-day simple moving average of C$3.79. The company has a debt-to-equity ratio of 203.67, a current ratio of 0.97 and a quick ratio of 1.34.

About Canacol Energy

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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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