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Canacol Energy (TSE:CNE) Shares Up 33.5% - Time to Buy?

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy Ltd's share price surged by 33.5% during trading, reaching a peak of C$2.33, with a notable increase in trading volume by 1,462%.
  • The company operates in the Lower & Middle Magdalena Basins of Colombia and has a current market cap of C$53.23 million with a P/E ratio of 2.35.
  • Canacol Energy has a significant debt-to-equity ratio of 209.68 and liquidity ratios indicating a current ratio of 1.50 and a quick ratio of 1.34.
  • MarketBeat previews top five stocks to own in October.

Canacol Energy Ltd (TSE:CNE - Get Free Report)'s share price traded up 33.5% during mid-day trading on Friday . The company traded as high as C$2.33 and last traded at C$2.19. 494,143 shares traded hands during mid-day trading, an increase of 1,462% from the average session volume of 31,645 shares. The stock had previously closed at C$1.64.

Canacol Energy Price Performance

The business's 50 day moving average price is C$2.16 and its two-hundred day moving average price is C$2.87. The stock has a market cap of C$87.35 million, a P/E ratio of 2.84 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 1.34 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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