Canacol Energy (TSE:CNE) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Canacol Energy Ltd (TSE:CNEGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.84 and traded as high as C$2.85. Canacol Energy shares last traded at C$2.80, with a volume of 64,122 shares traded.

Canacol Energy Stock Up 3.7%

The business’s 50 day moving average is C$2.15 and its 200 day moving average is C$2.84. The company has a market capitalization of C$95.54 million, a price-to-earnings ratio of 3.11 and a beta of 1.43. The company has a debt-to-equity ratio of 209.68, a quick ratio of 1.34 and a current ratio of 1.50.

About Canacol Energy

(Get Free Report)

Canacol Energy Ltd is a natural gas and oil exploration and production company. The company operates in the Lower & Middle Magdalena Basins of Colombia.

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