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

Canacol Energy Ltd (OTCMKTS:CNNEF) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 200 shares, a decrease of 66.7% from the November 30th total of 600 shares. Based on an average trading volume of 27,700 shares, the days-to-cover ratio is presently 0.0 days.

Canacol Energy Stock Down 7.4 %

OTCMKTS:CNNEF traded down $0.19 on Thursday, reaching $2.40. The company’s stock had a trading volume of 11,497 shares, compared to its average volume of 11,117. Canacol Energy has a 12-month low of $1.99 and a 12-month high of $5.55. The stock has a 50 day moving average price of $2.48 and a 200 day moving average price of $2.77. The firm has a market cap of $81.88 million, a price-to-earnings ratio of 3.58 and a beta of 0.95.

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.