Short Interest in Canacol Energy Ltd (OTCMKTS:CNNEF) Declines By 66.4%

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 30,500 shares, a decline of 66.4% from the May 31st total of 90,700 shares. Based on an average daily trading volume, of 12,900 shares, the days-to-cover ratio is currently 2.4 days.

Canacol Energy Trading Up 0.6 %

OTCMKTS:CNNEF traded up $0.02 during mid-day trading on Friday, reaching $3.18. The company’s stock had a trading volume of 101 shares, compared to its average volume of 13,979. Canacol Energy has a 12-month low of $2.91 and a 12-month high of $9.30. The stock has a market cap of $108.44 million, a P/E ratio of 1.49 and a beta of 0.89. The firm’s fifty day moving average price is $3.37 and its two-hundred day moving average price is $3.98.

Canacol Energy (OTCMKTS:CNNEF) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.11 EPS for the quarter. The business had revenue of $77.69 million for the quarter.

Canacol Energy Company Profile

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.