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Canacol Energy (TSE:CNE) Stock Price Up 33.5% - Still a Buy?

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy Ltd shares saw a significant increase of 33.5%, trading as high as C$2.33 before closing at C$2.19, amidst a trading volume surge of 1,462% compared to its average volume.
  • The company has a market capitalization of C$53.23 million, a low P/E ratio of 2.35, and a high debt-to-equity ratio of 209.68.
  • Canacol Energy operates in the Lower & Middle Magdalena Basins of Colombia, primarily focused on natural gas and oil exploration and production.
  • Interested in Canacol Energy? Here are five stocks we like better.

Shares of Canacol Energy Ltd (TSE:CNE - Get Free Report) shot up 33.5% during trading on Friday . The stock traded as high as C$2.33 and last traded at C$2.19. 494,143 shares changed hands during 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 Up 16.9%

The stock has a market capitalization of C$87.35 million, a P/E ratio of 2.84 and a beta of 1.21. The company's 50-day moving average price is C$2.16 and its 200 day moving average price is C$2.87. The company has a debt-to-equity ratio of 209.68, a quick ratio of 1.34 and a current ratio of 1.50.

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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