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Canacol Energy (OTCMKTS:CNNEF) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Canacol Energy logo with Energy background

Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.60 and traded as high as $2.70. Canacol Energy shares last traded at $2.67, with a volume of 2,830 shares trading hands.

Canacol Energy Stock Performance

The company's 50-day moving average price is $2.61 and its 200 day moving average price is $2.58. The stock has a market cap of $86.66 million, a PE ratio of 3.79 and a beta of 0.93.

Canacol Energy Company Profile

(Get Free Report)

Canacol Energy Ltd operates as an oil and gas company in Colombia. It engages in the exploration and development of natural gas. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada.

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