Canacol Energy (OTCMKTS:CNNEF) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Canacol Energy Ltd (OTCMKTS:CNNEF)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.56 and traded as low as $2.34. Canacol Energy shares last traded at $2.35, with a volume of 7,396 shares traded.

Canacol Energy Stock Performance

The stock has a 50-day simple moving average of $2.64 and a 200 day simple moving average of $2.56. The stock has a market capitalization of $80.18 million, a P/E ratio of -2.45 and a beta of 0.93.

Canacol Energy (OTCMKTS:CNNEF) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.75) EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($1.65). The company had revenue of $98.34 million during the quarter, compared to analysts’ expectations of $138.92 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.