Frontera Energy Co. (OTCMKTS:FECCF – Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 347,500 shares, a growth of 54.4% from the February 29th total of 225,000 shares. Based on an average trading volume of 59,000 shares, the days-to-cover ratio is currently 5.9 days.
Frontera Energy Stock Up 1.0 %
OTCMKTS FECCF traded up $0.06 during midday trading on Friday, hitting $6.10. 6,365,736 shares of the company traded hands, compared to its average volume of 124,742. The company’s 50-day simple moving average is $5.98 and its 200-day simple moving average is $6.58. Frontera Energy has a 52 week low of $5.38 and a 52 week high of $10.66.
Frontera Energy Dividend Announcement
The firm also recently announced a dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Tuesday, April 2nd will be given a dividend of $0.0464 per share. This represents a dividend yield of 3.13%. The ex-dividend date is Monday, April 1st.
About Frontera Energy
Frontera Energy Corporation engages in the exploration, development, production, transportation, storage, and sale of crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 24 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia.
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