Canacol Energy (OTCMKTS:CNNEF) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of Canacol Energy Ltd (OTCMKTS:CNNEFGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.79 and traded as low as $2.55. Canacol Energy shares last traded at $2.55, with a volume of 101 shares trading hands.

Canacol Energy Stock Down 3.0 %

The stock has a market cap of $87.00 million, a PE ratio of 3.81 and a beta of 0.96. The business has a 50 day moving average price of $2.46 and a 200 day moving average price of $2.79.

About Canacol Energy

(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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