Canacol Energy (TSE:CNE) Hits New 52-Week Low at $3.78

Canacol Energy Ltd (TSE:CNE)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$3.78 and last traded at C$3.92, with a volume of 51484 shares traded. The stock had previously closed at C$3.94.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lifted their price target on Canacol Energy from C$5.40 to C$5.50 and gave the company a “hold” rating in a report on Tuesday, July 16th.

Canacol Energy Stock Performance

The company has a quick ratio of 1.34, a current ratio of 0.97 and a debt-to-equity ratio of 203.67. The stock’s 50-day moving average price is C$4.33 and its 200 day moving average price is C$4.67. The company has a market cap of C$126.21 million, a P/E ratio of 7.87 and a beta of 0.83.

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.