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Canacol Energy (TSE:CNE) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy Ltd shares fell below their two hundred day moving average of C$2.56, trading as low as C$2.18 before last settling at C$2.22.
  • The company has a market capitalization of C$75.75 million and a low P/E ratio of 2.47, suggesting potentially undervalued stock compared to earnings.
  • Canacol Energy operates in the natural gas and oil exploration sectors in the Lower & Middle Magdalena Basins of Colombia.
  • MarketBeat previews top five stocks to own in November.

Canacol Energy Ltd (TSE:CNE - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.56 and traded as low as C$2.18. Canacol Energy shares last traded at C$2.22, with a volume of 28,474 shares traded.

Canacol Energy Stock Performance

The company has a market cap of C$75.75 million, a P/E ratio of 2.47 and a beta of 1.27. The company has a 50 day moving average price of C$2.34 and a 200-day moving average price of C$2.56. The company has a quick ratio of 1.34, a current ratio of 1.50 and a debt-to-equity ratio of 209.68.

Canacol Energy Company Profile

(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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