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Canacol Energy (TSE:CNE) Trading Down 1.7% - Here's Why

Canacol Energy logo with Energy background

Canacol Energy Ltd (TSE:CNE - Get Free Report)'s stock price fell 1.7% during trading on Wednesday . The stock traded as low as C$3.96 and last traded at C$3.99. 14,347 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 43,598 shares. The stock had previously closed at C$4.06.

Canacol Energy Price Performance

The company's 50-day moving average price is C$3.43 and its two-hundred day moving average price is C$3.87. The company has a debt-to-equity ratio of 203.67, a current ratio of 0.97 and a quick ratio of 1.34. The company has a market capitalization of C$134.73 million, a P/E ratio of 8.40 and a beta of 0.82.

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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