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

ValuEngine downgraded shares of Canacol Energy (OTCMKTS:CNNEF) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

Shares of OTCMKTS:CNNEF opened at $3.77 on Thursday. Canacol Energy has a 12-month low of $2.63 and a 12-month high of $3.82. The firm has a fifty day moving average of $3.42.

Canacol Energy (OTCMKTS:CNNEF) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $50.93 million during the quarter.

About Canacol Energy

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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