Canacol Energy (OTCMKTS:CNNEF) Shares Pass Below 50-Day Moving Average of $1.84

Canacol Energy Ltd (OTCMKTS:CNNEFGet Rating) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.84 and traded as low as $1.71. Canacol Energy shares last traded at $1.71, with a volume of 15,930 shares.

Canacol Energy Stock Down 3.7 %

The stock’s fifty day moving average price is $1.84 and its 200 day moving average price is $2.12.

Canacol Energy (OTCMKTS:CNNEFGet Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $78.02 million for the quarter.

Canacol Energy Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.0391 per share. This represents a yield of 9.27%. The ex-dividend date of this dividend is Thursday, September 29th.

Canacol Energy Company Profile

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Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in Colombia. As of December 31, 2021, it had a total proved developed producing reserves of 236 billion cubic feet (Bcf) conventional natural gas; a total proved plus probable reserves of 607 Bcf conventional natural gas; and a total proved reserves of 368 Bcf conventional natural gas.

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