Canacol Energy Ltd (OTCMKTS:CNNEF – Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.09 and traded as high as $0.25. Canacol Energy shares last traded at $0.25, with a volume of 570 shares trading hands.
Canacol Energy Price Performance
The firm has a market capitalization of $8.53 million, a P/E ratio of 0.22 and a beta of 1.01. The business has a 50 day moving average price of $0.09 and a 200 day moving average price of $0.37.
About Canacol Energy
Canacol Energy Ltd is an independent upstream company specializing in the exploration, development and production of natural gas. Headquartered in Calgary, the company’s principal operations are located in Colombia’s Llanos and Middle Magdalena basins. Canacol holds interests in key gas-producing assets such as the Caricare and Tisquirama hubs, with reserves tied into midstream infrastructure that serves domestic power generation, industrial users and residential markets.
Since its founding in 1995, Canacol has pursued growth through farm-in agreements, strategic asset acquisitions and focused appraisal drilling.
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