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

Canacol Energy Ltd (OTCMKTS:CNNEFGet Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.69 and traded as low as $1.60. Canacol Energy shares last traded at $1.60, with a volume of 3,236 shares traded.

Canacol Energy Stock Performance

The stock has a market capitalization of $54.56 million, a P/E ratio of 1.80 and a beta of 1.00. The stock has a 50 day moving average of $1.69 and a 200 day moving average of $1.86.

Canacol Energy (OTCMKTS:CNNEFGet Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.49). The company had revenue of $64.81 million during the quarter, compared to analysts’ expectations of $77.00 million.

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.

Featured Articles

Receive News & Ratings for Canacol Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canacol Energy and related companies with MarketBeat.com's FREE daily email newsletter.