Canacol Energy Ltd (OTCMKTS:CNNEF – Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.46 and traded as low as $0.0350. Canacol Energy shares last traded at $0.0350, with a volume of 2,040 shares changing hands.
Canacol Energy Stock Up 14.3%
The company has a market cap of $1.36 million, a price-to-earnings ratio of 0.04 and a beta of 1.01. The firm has a 50-day simple moving average of $0.09 and a 200 day simple moving average of $0.43.
About Canacol Energy
Canacol Energy Ltd is an independent upstream company specializing in the exploration, development and production of natural gas. Headquartered in Calgary, the company’s principal operations are located in Colombia’s Llanos and Middle Magdalena basins. Canacol holds interests in key gas-producing assets such as the Caricare and Tisquirama hubs, with reserves tied into midstream infrastructure that serves domestic power generation, industrial users and residential markets.
Since its founding in 1995, Canacol has pursued growth through farm-in agreements, strategic asset acquisitions and focused appraisal drilling.
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