Carnarvon Energy Limited (OTCMKTS:CVONF – Get Free Report) was the target of a large decline in short interest in 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 daily volume of 2,091 shares, the days-to-cover ratio is currently 7.2 days.
Carnarvon Energy Price Performance
OTCMKTS CVONF remained flat at C$0.08 on Friday. The stock has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.07. Carnarvon Energy has a 1-year low of C$0.06 and a 1-year high of C$0.09.
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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