The stock of Canacol Energy Ltd (TSE:CNE) is a huge mover today! About 340,793 shares traded hands or 6.01% up from the average. Canacol Energy Ltd (TSE:CNE) has risen 35.63% since April 8, 2016 and is uptrending. It has outperformed by 30.65% the S&P500.
The move comes after 8 months negative chart setup for the $837.00M company. It was reported on Nov, 14 by Barchart.com. We have $4.20 PT which if reached, will make TSE:CNE worth $41.85M less.
Canacol Energy Ltd (TSE:CNE) Ratings Coverage
Out of 4 analysts covering Canacol Energy (TSE:CNE), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Canacol Energy has been the topic of 14 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The stock of Canacol Energy Ltd (TSE:CNE) earned “Buy” rating by TD Securities on Friday, November 11. The stock of Canacol Energy Ltd (TSE:CNE) has “Outperform” rating given on Thursday, September 22 by Scotia Capital. The company was maintained on Wednesday, August 24 by Scotia Capital. The stock of Canacol Energy Ltd (TSE:CNE) has “Outperform” rating given on Tuesday, June 7 by Scotia Capital.
More notable recent Canacol Energy Ltd (TSE:CNE) news were published by: Marketwired.com which released: “Canacol Energy Ltd. Tests Nispero 1 Exploration Well at 28 MMSCFPD, Expands …” on August 23, 2016, also Marketwired.com with their article: “Canacol Energy Ltd. Announces Closing of Private Placement” published on August 02, 2016, Bloomberg.com published: “Top Colombia Stock Canacol Energy Nears New Gas Sale Contracts” on August 30, 2016. More interesting news about Canacol Energy Ltd (TSE:CNE) were released by: Marketwired.com and their article: “Canacol Energy Ltd. Tests 26 MMSCFPD (4561 BOEPD) from First of Three Planned …” published on February 24, 2016 as well as Marketwired.com‘s news article titled: “Canacol Energy Ltd. Provides Production and Operations Update: Current …” with publication date: February 16, 2016.
Canacol Energy Ltd. is a Canada-based gas and oil exploration and production company. The company has a market cap of $837.00 million. The Firm is engaged in petroleum and natural gas exploration and development activities in Colombia and Ecuador. It currently has negative earnings. It owns approximately 0.5% interest in Oleoducto Bicentenario de Colombia , which owns a pipeline system that focuses on linking Llanos basin oil production to the Cano Limon oil pipeline system.
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