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

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 600 shares, a drop of 90.9% from the November 15th total of 6,600 shares. Based on an average daily trading volume, of 28,700 shares, the days-to-cover ratio is currently 0.0 days.

Canacol Energy Stock Down 1.4 %

Shares of CNNEF stock traded down $0.04 during mid-day trading on Wednesday, reaching $2.83. 7,602 shares of the company’s stock traded hands, compared to its average volume of 11,277. The company’s 50-day moving average price is $2.46 and its 200-day moving average price is $2.82. The company has a market cap of $96.53 million, a P/E ratio of 4.28 and a beta of 0.96. Canacol Energy has a 12 month low of $1.99 and a 12 month high of $5.90.

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.