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Canacol Energy (OTCMKTS:CNNEF) Shares Pass 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 fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.63 and traded as high as $2.68. Canacol Energy shares last traded at $2.68, with a volume of 5,200 shares changing hands.

Canacol Energy Stock Up 2.0 %

The firm has a 50 day moving average price of $2.63 and a two-hundred day moving average price of $2.63. The company has a market capitalization of $93.28 million, a price-to-earnings ratio of 4.08 and a beta of 0.93.

Canacol Energy (OTCMKTS:CNNEF - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter. The business had revenue of $94.54 million for the quarter.

About Canacol Energy

(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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