Canacol Energy (CNE) Reaches New 52-Week Low at $3.83

Shares of Canacol Energy Ltd (TSE:CNE) reached a new 52-week low during trading on Monday . The stock traded as low as C$3.83 and last traded at C$4.06, with a volume of 99060 shares changing hands. The stock had previously closed at C$4.23.

Several research firms have recently commented on CNE. Eight Capital decreased their price target on shares of Canacol Energy from C$7.25 to C$7.00 in a research note on Tuesday, June 26th. Scotiabank reaffirmed an “outperform” rating and issued a C$6.50 price objective on shares of Canacol Energy in a research note on Wednesday, May 16th.

Canacol Energy (TSE:CNE) last announced its quarterly earnings data on Tuesday, May 15th. The oil and gas exploration company reported C$0.06 earnings per share (EPS) for the quarter. Canacol Energy had a negative net margin of 4.12% and a negative return on equity of 1.57%. The firm had revenue of C$65.43 million for the quarter.

In other Canacol Energy news, Director Charle Gamba sold 56,860 shares of the firm’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of C$4.23, for a total value of C$240,517.80. Also, Director Greg Elliott acquired 50,000 shares of Canacol Energy stock in a transaction on Monday, July 9th. The stock was acquired at an average cost of C$3.28 per share, for a total transaction of C$164,000.00.

Canacol Energy Company Profile (TSE:CNE)

Canacol Energy Ltd. primarily engages in the exploration and development of petroleum and natural gas properties in Colombia. The company has proved and probable reserves of 505 billion cubic feet of gas and 14 million barrels of oil. Canacol Energy Ltd. is headquartered in Calgary, Canada.

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