Canacol Energy (OTCMKTS:CNNEF) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Shares of Canacol Energy Ltd (OTCMKTS:CNNEFGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.67 and traded as low as $2.35. Canacol Energy shares last traded at $2.35, with a volume of 370 shares.

Canacol Energy Stock Performance

The stock has a fifty day simple moving average of $2.67 and a 200-day simple moving average of $3.09. The stock has a market cap of $80.14 million, a P/E ratio of 1.10 and a beta of 0.84.

Canacol Energy (OTCMKTS:CNNEFGet Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.62) EPS for the quarter. The firm had revenue of $94.57 million for the quarter.

Canacol Energy Company Profile

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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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