Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) shares dropped 1% during trading on Monday . The stock traded as low as $4.66 and last traded at $4.66. Approximately 2,085 shares were traded during trading, a decline of 95% from the average daily volume of 43,777 shares. The stock had previously closed at $4.71.
Surge Energy Price Performance
The business’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $5.03.
Surge Energy Increases Dividend
The business also recently announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.0319 per share. This represents a dividend yield of 8.38%. This is an increase from Surge Energy’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, September 27th. Surge Energy’s dividend payout ratio is presently 104.97%.
About Surge Energy
Surge Energy Inc explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc in June 2010.
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