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Canacol Energy (OTCMKTS:CNNEF) Shares Cross Below 200 Day Moving Average - Should You Sell?

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy's stock price fell below its 200-day moving average of $2.02 during trading, reaching a low of $2.00.
  • The company reported quarterly earnings per share (EPS) of $0.41, significantly missing analysts' estimates of $0.90.
  • Canacol Energy has a market capitalization of $68.71 million and operates primarily in the **exploration and development of natural gas** in Colombia.
  • Five stocks we like better than Canacol Energy.

Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.02 and traded as low as $2.00. Canacol Energy shares last traded at $2.02, with a volume of 66,457 shares changing hands.

Canacol Energy Stock Performance

The stock has a fifty day moving average price of $1.59 and a 200-day moving average price of $2.02. The firm has a market capitalization of $68.71 million, a PE ratio of 2.26 and a beta of 0.98.

Canacol Energy (OTCMKTS:CNNEF - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.49). The firm had revenue of $64.81 million during the quarter, compared to analyst estimates of $77.00 million.

About Canacol Energy

(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.

Further Reading

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