Canacol Energy (OTCMKTS:CNNEF) Stock Passes Above 50-Day Moving Average – Should You Sell?

Canacol Energy Ltd (OTCMKTS:CNNEFGet Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.63 and traded as high as $2.68. Canacol Energy shares last traded at $2.68, with a volume of 5,200 shares.

Canacol Energy Stock Up 2.0 %

The stock has a 50 day moving average of $2.63 and a 200 day moving average of $2.64. The company has a market capitalization of $93.28 million, a price-to-earnings ratio of 4.08 and a beta of 0.93.

Canacol Energy (OTCMKTS:CNNEFGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter. The firm had revenue of $94.54 million during the quarter.

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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