Canacol Energy (OTCMKTS:CNNEF) Stock Price Crosses Above 50-Day Moving Average of $3.58

Canacol Energy Ltd (OTCMKTS:CNNEF)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.58 and traded as high as $3.51. Canacol Energy shares last traded at $3.51, with a volume of 2,000 shares trading hands.

CNNEF has been the subject of several recent analyst reports. Canaccord Genuity set a $6.00 price objective on shares of Canacol Energy and gave the company a “buy” rating in a research note on Friday, August 30th. ValuEngine downgraded shares of Canacol Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Mackie reaffirmed a “buy” rating on shares of Canacol Energy in a research note on Monday, August 26th.

The stock’s 50 day moving average is $3.59 and its 200-day moving average is $3.33.

Canacol Energy Company Profile (OTCMKTS:CNNEF)

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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