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

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy Ltd shares surged by 33.5%, reaching a high of C$2.33 from a previous close of C$1.64.
  • The trading volume increased dramatically to 494,143 shares, marking a 1,462% rise compared to the average session volume.
  • With a market cap of C$53.23 million and a P/E ratio of 2.35, the company operates in the natural gas and oil sector in Colombia.
  • Five stocks we like better than Canacol Energy.

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

Canacol Energy Price Performance

The stock has a market cap of C$82.23 million, a price-to-earnings ratio of 2.68 and a beta of 1.21. The company has a 50-day moving average of C$2.15 and a 200-day moving average of C$2.86. The company has a debt-to-equity ratio of 209.68, a quick ratio of 1.34 and a current ratio of 1.50.

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.

See Also

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