Canacol Energy Ltd (OTCMKTS:CNNEF - Get Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 52,900 shares, a growth of 57.9% from the May 15th total of 33,500 shares. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.2% of the company's stock are sold short.
Canacol Energy Price Performance
Shares of CNNEF stock remained flat at $1.95 on Friday. 4,376 shares of the company were exchanged, compared to its average volume of 6,693. The stock has a market cap of $66.50 million, a P/E ratio of -13.93 and a beta of 0.96. The company's fifty day moving average price is $2.11 and its 200 day moving average price is $2.45. Canacol Energy has a 12-month low of $1.89 and a 12-month high of $3.56.
Canacol Energy (OTCMKTS:CNNEF - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.33. The business had revenue of $72.74 million for the quarter, compared to analysts' expectations of $83.58 million.
About Canacol Energy
(
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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