Shares of Canacol Energy Ltd (TSE:CNE) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.37 and traded as high as $4.81. Canacol Energy shares last traded at $4.80, with a volume of 46,602 shares trading hands.
Separately, Canaccord Genuity raised Canacol Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from C$5.00 to C$6.00 in a research note on Monday, July 29th.
The company has a market cap of $834.07 million and a P/E ratio of 208.70. The company has a quick ratio of 1.50, a current ratio of 1.56 and a debt-to-equity ratio of 170.41. The business has a 50-day moving average price of C$4.63 and a two-hundred day moving average price of C$4.37.
Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia. As of December 31, 2018, it has a total proved plus probable reserves of 98,050 one thousand barrels of oil equivalent. The company is headquartered in Calgary, Canada.
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