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Canacol Energy (OTCMKTS:CNNEF) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Canacol Energy logo with Energy background

Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.49 and traded as low as $2.01. Canacol Energy shares last traded at $2.01, with a volume of 610 shares changing hands.

Canacol Energy Stock Up 1.0%

The company has a 50 day moving average price of $2.15 and a 200-day moving average price of $2.48. The company has a market cap of $69.22 million, a price-to-earnings ratio of -14.50 and a beta of 0.96.

Canacol Energy (OTCMKTS:CNNEF - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.60 by $0.33. The company had revenue of $72.74 million during the quarter, compared to the consensus estimate of $83.58 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.

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