Canacol Energy (TSE:CNE) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of Canacol Energy Ltd (TSE:CNEGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.56 and traded as low as C$2.18. Canacol Energy shares last traded at C$2.22, with a volume of 28,474 shares trading hands.

Canacol Energy Price Performance

The company has a 50 day moving average of C$2.34 and a two-hundred day moving average of C$2.56. The firm has a market cap of C$75.75 million, a P/E ratio of 2.47 and a beta of 1.27. The company has a quick ratio of 1.34, a current ratio of 1.50 and a debt-to-equity ratio of 209.68.

About Canacol Energy

(Get Free Report)

Canacol Energy Ltd is a natural gas and oil exploration and production company. The company operates in the Lower & Middle Magdalena Basins of Colombia.

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