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

Shares of Canacol Energy Ltd (TSE:CNEGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Canacol Energy Price Performance

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 stock has a market capitalization of C$131.32 million, a PE ratio of 8.19 and a beta of 0.82. The stock’s 50-day moving average is C$3.58 and its 200 day moving average is C$3.80.

Canacol Energy Company Profile

(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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