Greg Elliott Sells 5,000 Shares of Canacol Energy Ltd (TSE:CNE) Stock

Canacol Energy Ltd (TSE:CNE) Director Greg Elliott sold 5,000 shares of Canacol Energy stock in a transaction on Friday, January 26th. The shares were sold at an average price of C$4.38, for a total value of C$21,900.00.

Greg Elliott also recently made the following trade(s):

  • On Tuesday, January 16th, Greg Elliott sold 1,100 shares of Canacol Energy stock. The stock was sold at an average price of C$3.62, for a total value of C$3,982.00.

Shares of Canacol Energy Ltd (CNE) opened at C$4.33 on Wednesday. The stock has a market capitalization of $762.73, a PE ratio of 27.06 and a beta of -0.12. Canacol Energy Ltd has a 52-week low of C$3.62 and a 52-week high of C$4.75.

A number of research analysts have commented on CNE shares. Scotiabank restated an “outperform” rating and set a C$6.25 price objective on shares of Canacol Energy in a research note on Wednesday, December 20th. CIBC cut Canacol Energy from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$5.50 to C$5.00 in a research note on Thursday, November 16th. Finally, Eight Capital reduced their price objective on Canacol Energy from C$7.00 to C$6.75 in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$5.80.

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About Canacol Energy

Canacol Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company is engaged in petroleum and natural gas exploration and development activities in Colombia and Ecuador. It owns approximately 0.5% interest in Oleoducto Bicentenario de Colombia (OBC), which owns a pipeline system that focuses on linking Llanos basin oil production to the Cano Limon oil pipeline system.

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