Canacol Energy Ltd (OTCMKTS:CNNEF) Sees Significant Decrease in Short Interest

Canacol Energy Ltd (OTCMKTS:CNNEFGet Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 30,500 shares, a decrease of 66.4% from the May 31st total of 90,700 shares. Based on an average daily volume of 12,900 shares, the short-interest ratio is presently 2.4 days.

Canacol Energy Price Performance

Shares of CNNEF stock traded up $0.02 on Thursday, reaching $3.18. 531 shares of the company were exchanged, compared to its average volume of 14,094. Canacol Energy has a one year low of $2.91 and a one year high of $9.30. The company has a market cap of $108.44 million, a price-to-earnings ratio of 1.48 and a beta of 0.89. The company has a 50-day moving average of $3.38 and a 200-day moving average of $3.99.

Canacol Energy (OTCMKTS:CNNEFGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.11 EPS for the quarter. The firm had revenue of $77.69 million during the quarter.

Canacol Energy Company Profile

(Get Free Report)

Canacol Energy Ltd operates as an oil and gas company in Colombia. It engages in the exploration and development of natural gas. The company was formerly known as BrazAlta Resources Corp. and changed its name to Canacol Energy Ltd in February 2009. The company was incorporated in 1970 and is headquartered in Calgary, Canada.

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