Shares of Canacol Energy Ltd (TSE:CNE – Get Free Report) were up 11.4% during mid-day trading on Wednesday . The stock traded as high as C$3.83 and last traded at C$3.80. Approximately 123,642 shares traded hands during mid-day trading, an increase of 189% from the average daily volume of 42,838 shares. The stock had previously closed at C$3.41.
Canacol Energy Price Performance
The company has a debt-to-equity ratio of 203.67, a quick ratio of 1.34 and a current ratio of 0.97. The company has a 50-day simple moving average of C$3.23 and a 200-day simple moving average of C$3.98. The company has a market cap of C$135.76 million, a price-to-earnings ratio of 6.83 and a beta of 0.82.
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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