Canacol Energy (TSE:CNE) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Canacol Energy Ltd (TSE:CNE) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$3.71 and traded as high as C$3.92. Canacol Energy shares last traded at C$3.81, with a volume of 137,570 shares.

Canacol Energy Price Performance

The company has a 50-day moving average of C$3.77 and a 200-day moving average of C$3.71. The company has a debt-to-equity ratio of 203.67, a quick ratio of 1.34 and a current ratio of 0.97. The stock has a market cap of C$129.96 million, a price-to-earnings ratio of 8.11 and a beta of 0.82.

Canacol Energy (TSE:CNE) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas exploration company reported C$0.41 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.23 by C($0.82). Canacol Energy had a net margin of 3.45% and a return on equity of 3.50%. During the same quarter in the previous year, the business earned $1.28 earnings per share. As a group, equities research analysts predict that Canacol Energy Ltd will post 0.2408551 earnings per share for the current year.

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.