Canacol Energy (OTCMKTS:CNNEF) Shares Cross Above 50-Day Moving Average – Here’s Why

Canacol Energy Ltd (OTCMKTS:CNNEFGet Free Report)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.51 and traded as high as $2.71. Canacol Energy shares last traded at $2.71, with a volume of 100 shares.

Canacol Energy Stock Down 3.7 %

The stock’s fifty day simple moving average is $2.52 and its two-hundred day simple moving average is $2.75. The firm has a market cap of $89.04 million, a PE ratio of 3.90 and a beta of 0.96.

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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