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

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

Canacol Energy Price Performance

OTCMKTS CNNEF traded down $0.04 during trading hours on Wednesday, hitting $2.83. The company’s stock had a trading volume of 7,602 shares, compared to its average volume of 11,277. Canacol Energy has a 12 month low of $1.99 and a 12 month high of $5.90. The company’s 50 day simple moving average is $2.46 and its two-hundred day simple moving average 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.

About Canacol Energy

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.