Shares of Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) shot up 3.6% during mid-day trading on Monday . The stock traded as high as $3.45 and last traded at $3.44. 76,982 shares were traded during trading, a decline of 5% from the average session volume of 80,795 shares. The stock had previously closed at $3.32.
Surge Energy Price Performance
The business has a 50-day moving average price of $3.84 and a 200 day moving average price of $4.02.
Surge Energy Cuts Dividend
The business also recently announced a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.0303 dividend. This represents a yield of 8.68%. The ex-dividend date of this dividend is Monday, March 31st. Surge Energy’s dividend payout ratio (DPR) is 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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