Canacol Energy Ltd (OTCMKTS:CNNEF – Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.69 and traded as low as $1.60. Canacol Energy shares last traded at $1.60, with a volume of 3,236 shares changing hands.
Canacol Energy Stock Performance
The firm has a market capitalization of $54.56 million, a P/E ratio of 1.80 and a beta of 1.00. The stock has a fifty day moving average price of $1.69 and a two-hundred day moving average price of $1.86.
Canacol Energy (OTCMKTS:CNNEF – Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.49). The firm had revenue of $64.81 million during the quarter, compared to analyst estimates of $77.00 million.
About Canacol Energy
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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