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Canacol Energy (TSE:CNE) Shares Cross Above 200 Day Moving Average - Should You Sell?

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy Ltd (TSE:CNE) shares have recently crossed above their 200-day moving average, indicating potential upward momentum in the stock's performance.
  • The company's stock is currently trading at C$2.80 and has shown an increase of 3.7% in value.
  • Canacol Energy operates in the oil and gas sector within the Lower & Middle Magdalena Basins of Colombia, with a market capitalization of C$95.54 million.
  • MarketBeat previews the top five stocks to own by October 1st.

Canacol Energy Ltd (TSE:CNE - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.84 and traded as high as C$2.85. Canacol Energy shares last traded at C$2.80, with a volume of 64,122 shares trading hands.

Canacol Energy Stock Down 2.8%

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 firm has a market cap of C$94.85 million, a price-to-earnings ratio of 3.09 and a beta of 1.43. The stock's 50 day moving average is C$2.17 and its 200 day moving average is C$2.81.

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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