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.
Read More: Backdoor Roth IRA
Receive News & Ratings for Canacol Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canacol Energy and related companies with MarketBeat.com's FREE daily email newsletter.