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Canacol Energy (TSE:CNE) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Canacol Energy logo with Energy background
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Shares of Canacol Energy Ltd (TSE:CNE - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.63 and traded as high as C$3.91. Canacol Energy shares last traded at C$3.90, with a volume of 7,849 shares trading hands.

Canacol Energy Trading Up 3.0 %

The business's 50-day moving average price is C$3.75 and its 200-day moving average price is C$3.62. The firm has a market capitalization of C$92.61 million, a PE ratio of 4.10 and a beta of 0.82. The company has a debt-to-equity ratio of 209.68, a current ratio of 1.50 and a quick ratio of 1.34.

Canacol Energy Company Profile

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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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