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Canacol Energy (OTCMKTS:CNNEF) Shares Cross Below 200-Day Moving Average - Here's Why

Canacol Energy logo with Energy background

Shares of Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.56 and traded as low as $2.34. Canacol Energy shares last traded at $2.35, with a volume of 7,396 shares.

Canacol Energy Trading Up 2.5 %

The company has a market capitalization of $82.57 million, a price-to-earnings ratio of -2.52 and a beta of 0.93. The stock has a 50-day simple moving average of $2.62 and a 200-day simple moving average of $2.55.

Canacol Energy (OTCMKTS:CNNEF - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported ($0.75) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($1.65). The company had revenue of $98.34 million for the quarter, compared to analysts' expectations of $138.92 million.

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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