Carnarvon Energy Limited (OTCMKTS:CVONF – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 14,954 shares, a decline of 39.0% from the June 15th total of 24,500 shares. Based on an average trading volume of 2,091 shares, the days-to-cover ratio is presently 7.2 days.
Carnarvon Energy Stock Performance
Carnarvon Energy stock opened at C$0.08 on Thursday. Carnarvon Energy has a 12-month low of C$0.06 and a 12-month high of C$0.09. The company has a 50-day moving average price of C$0.08 and a 200 day moving average price of C$0.07.
About Carnarvon Energy
Carnarvon Energy (OTCMKTS:CVONF) is an Australia‐based oil and gas exploration and production company focused on the North West Shelf region offshore Western Australia. The company holds both production and exploration permits in the Bedout Sub‐basin, targeting a mix of conventional and emerging hydrocarbon plays.
The flagship asset for Carnarvon is the Dorado project within Production Licence WA-437-P, where it holds a substantial equity stake alongside international industry partners.
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