Canacol Energy (TSE:CNE) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Canacol Energy Ltd shares have crossed above their 200-day moving average, reaching a trading high of C$2.84.
• The company has a market cap of C$96.90 million and a PE ratio of 3.16, reflecting its financial position and valuation.
• Canacol Energy operates in the natural gas and oil sector, primarily in the Lower & Middle Magdalena Basins of Colombia.

Canacol Energy Ltd (TSE:CNE - ) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.75 and traded as high as C$2.84. Canacol Energy shares last traded at C$2.84, with a volume of 37,945 shares changing hands.

Canacol Energy Stock Up 3.3%

The company has a debt-to-equity ratio of 209.68, a current ratio of 1.50 and a quick ratio of 1.34. The business's fifty day simple moving average is C$2.23 and its two-hundred day simple moving average is C$2.75. The company has a market cap of C$96.90 million, a PE ratio of 3.16 and a beta of 1.43.

Canacol Energy Company Profile

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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