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

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.

Shares of Canacol Energy Ltd (TSE:CNE - ) passed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Canacol Energy Stock Up 3.7%

The company has a market cap of C$95.54 million, a PE ratio of 3.11 and a beta of 1.43. The company's 50 day moving average is C$2.15 and its 200 day moving average is C$2.84. 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

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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