Canacol Energy (OTCMKTS:CNNEF) Lowered to “Sell” at ValuEngine

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Canacol Energy (OTCMKTS:CNNEF) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday, ValuEngine reports.

OTCMKTS:CNNEF traded down $0.03 on Friday, reaching $3.41. The company’s stock had a trading volume of 12,000 shares, compared to its average volume of 13,388. Canacol Energy has a 1-year low of $2.88 and a 1-year high of $3.96. The business’s 50-day moving average price is $3.34 and its two-hundred day moving average price is $3.45.

Canacol Energy Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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