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Canacol Energy (TSE:CNE) Reaches New 12-Month Low - Here's Why

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy Ltd (TSE:CNE) shares hit a new 52-week low, trading at C$2.13 and last at C$2.16, down 5.8% from a closing price of C$2.23.
  • The company has a high debt-to-equity ratio of 209.68, alongside a market cap of C$51.05 million and a PE ratio of 2.26.
  • Canacol Energy operates in the Lower & Middle Magdalena Basins of Colombia, focusing on natural gas and oil exploration and production.
  • Looking to export and analyze Canacol Energy data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Canacol Energy Ltd (TSE:CNE - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$2.13 and last traded at C$2.16, with a volume of 33903 shares traded. The stock had previously closed at C$2.23.

Canacol Energy Price Performance

The business has a fifty day simple moving average of C$2.51 and a two-hundred day simple moving average of C$3.14. The company has a current ratio of 1.50, a quick ratio of 1.34 and a debt-to-equity ratio of 209.68. The stock has a market cap of C$50.07 million, a PE ratio of 2.22 and a beta of 0.82.

About Canacol Energy

(Get Free Report)

Canacol Energy Ltd is a natural gas and oil exploration and production company. The company operates in the Lower & Middle Magdalena Basins of Colombia.

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