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Canacol Energy (TSE:CNE) Stock Price Up 33.5% - Here's What Happened

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy Ltd's stock surged 33.5% on Friday, reaching a high of C$2.33 and last trading at C$2.19.
  • The company has a market capitalization of C$53.23 million and a low PE ratio of 2.35, suggesting it may be undervalued.
  • Canacol Energy operates in the oil and natural gas exploration sector in Colombia's Lower & Middle Magdalena Basins.
  • MarketBeat previews top five stocks to own in October.

Canacol Energy Ltd (TSE:CNE - Get Free Report) traded up 33.5% on Friday . The stock 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 firm has a market cap 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 two-hundred day moving average price of C$2.86.

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.

See Also

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