Canacol Energy (OTCMKTS:CNNEF) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Canacol Energy's stock price has recently fallen below its 200-day moving average, with the last trading price at $1.74 compared to the average of $2.05.
• The company reported a loss in earnings per share of $0.41 for the last quarter, missing analysts' expectations of $0.90, along with revenue falling short at $64.81 million.
• Canacol Energy operates in the oil and gas sector in Colombia and had a market capitalization of $59.33 million with a PE ratio of 1.96.

Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.05 and traded as low as $1.70. Canacol Energy shares last traded at $1.74, with a volume of 54,000 shares.

Canacol Energy Price Performance

The company's fifty day simple moving average is $1.58 and its 200 day simple moving average is $2.03. The firm has a market capitalization of $69.56 million, a PE ratio of 2.29 and a beta of 0.98.

Canacol Energy (OTCMKTS:CNNEF - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $77.00 million.

Canacol Energy Company Profile

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.