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Canacol Energy (OTCMKTS:CNNEF) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Canacol Energy logo with Energy background

Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.50 and traded as low as $1.97. Canacol Energy shares last traded at $2.04, with a volume of 46,201 shares.

Canacol Energy Price Performance

The company has a market capitalization of $69.56 million, a PE ratio of -14.57 and a beta of 1.04. The company has a 50-day moving average of $2.34 and a two-hundred day moving average of $2.50.

Canacol Energy (OTCMKTS:CNNEF - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.33. The company had revenue of $72.74 million for the quarter, compared to analysts' expectations 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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