Canacol Energy (OTCMKTS:CNNEF) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Canacol Energy (OTCMKTS:CNNEF) from a sell rating to a hold rating in a report published on Tuesday, ValuEngine reports.

Other analysts also recently issued reports about the company. Canaccord Genuity set a $6.00 target price on Canacol Energy and gave the company a buy rating in a research note on Friday, August 30th. Mackie reiterated a buy rating on shares of Canacol Energy in a research note on Monday, August 26th.

Shares of CNNEF stock opened at $3.34 on Tuesday. Canacol Energy has a 12 month low of $2.63 and a 12 month high of $3.96. The company’s fifty day moving average price is $3.47 and its two-hundred day moving average price is $3.40.

About Canacol Energy

Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia. As of December 31, 2018, it has a total proved plus probable reserves of 98,050 one thousand barrels of oil equivalent. The company is headquartered in Calgary, Canada.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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