Market Overview

Canacol Energy Swings To Q3 Profit

Share:

Canacol Energy Ltd (OTC: CAAEF) swung to a profit in its third quarter.

Canacol Energy posted its quarterly net income at $3.7 million, or $0.01 per share, versus a year-ago loss of $852,000. Its funds from operations climbed to $20 million, or $0.03 per share, from $13.5 million, or $0.03 per share.

Its total revenue climbed 51% to $48.6 million. However, average daily sales volumes jumped 27% to 12,742 barrels of oil.

Canacol Energy shares closed at $0.6930 yesterday.

 

Related Articles (CAAEF)

View Comments and Join the Discussion!

Posted-In: profitEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com