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Canacol Energy (TSE:CNE) Trading 33.5% Higher - Time to Buy?

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy Ltd (TSE:CNE) saw its shares jump 33.5% to C$2.19 following a significant increase in trading volume, up 1,462% from the average.
  • The company has a market capitalization of C$53.23 million with a notably low PE ratio of 2.35.
  • Canacol operates in the Lower & Middle Magdalena Basins of Colombia, focusing on natural gas and oil exploration and production.
  • MarketBeat previews the top five stocks to own by October 1st.

Canacol Energy Ltd (TSE:CNE - Get Free Report) 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 changed 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 Stock Performance

The company has a quick ratio of 1.34, a current ratio of 1.50 and a debt-to-equity ratio of 209.68. The stock has a market capitalization of C$82.57 million, a PE ratio of 2.69 and a beta of 1.21. The firm has a 50 day moving average price of C$2.15 and a 200-day moving average price of C$2.86.

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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