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

Canacol Energy logo with Energy background

Key Points

  • Canacol Energy Ltd's share price surged 33.5% on Friday, closing at C$2.19 after trading as high as C$2.33.
  • The trading volume increased dramatically to approximately 494,143 shares, a rise of 1,462% from the average daily volume.
  • The company operates in Colombia's Lower & Middle Magdalena Basins and has a market capitalization of C$53.23 million with a low price-to-earnings ratio of 2.35.
  • MarketBeat previews the top five stocks to own by October 1st.

Canacol Energy Ltd (TSE:CNE - Get Free Report)'s stock price was 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 traded hands during 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 Stock Up 4.8%

The company has a market cap of C$82.57 million, a P/E ratio of 2.69 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 current ratio of 1.50 and a quick ratio of 1.34.

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.

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