Shares of Canacol Energy Ltd (TSE:CNE – Get Free Report) shot up 11.4% on Wednesday . The stock traded as high as C$3.83 and last traded at C$3.80. 123,642 shares traded hands during mid-day trading, an increase of 189% from the average session volume of 42,838 shares. The stock had previously closed at C$3.41.
Canacol Energy Stock Performance
The stock has a market capitalization of C$135.76 million, a PE ratio of 6.83 and a beta of 0.82. The company has a debt-to-equity ratio of 203.67, a current ratio of 0.97 and a quick ratio of 1.34. The business has a 50 day moving average price of C$3.23 and a 200 day moving average price of C$3.98.
About Canacol Energy
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.
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