Canacol Energy Ltd (OTCMKTS:CNNEF – Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.61 and traded as high as $2.12. Canacol Energy shares last traded at $2.12, with a volume of 52,000 shares trading hands.
Canacol Energy Stock Up 2.9%
The firm has a market capitalization of $72.29 million, a P/E ratio of 2.38 and a beta of 0.98. The business has a 50-day moving average price of $1.61 and a 200-day moving average price of $1.99.
Canacol Energy (OTCMKTS:CNNEF – Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.49). The business had revenue of $64.81 million during the quarter, compared to analysts’ expectations of $77.00 million.
Canacol Energy Company Profile
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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