Surge Energy Inc. (OTCMKTS:ZPTAF) Sees Large Decrease in Short Interest

Surge Energy Inc. (OTCMKTS:ZPTAF – Get Rating) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 51,200 shares, a decrease of 39.0% from the March 15th total of 84,000 shares. Based on an average trading volume of 260,400 shares, the short-interest ratio is currently 0.2 days.

Several equities research analysts have issued reports on the stock. National Bank Financial raised shares of Surge Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday. National Bankshares raised shares of Surge Energy to a “buy” rating and set a $14.50 price target on the stock in a research note on Thursday. BMO Capital Markets raised their price target on shares of Surge Energy from C$8.00 to C$11.00 in a research note on Thursday, March 10th. Finally, Stifel Nicolaus raised their price target on shares of Surge Energy from C$9.00 to C$11.50 in a research note on Friday, March 11th.

Shares of ZPTAF stock opened at $7.99 on Friday. Surge Energy has a 1-year low of $2.65 and a 1-year high of $8.03. The firm’s 50-day simple moving average is $6.43 and its 200-day simple moving average is $4.84.

Surge Energy Company Profile (Get Rating)

Surge Energy Inc explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan.

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