Surge Energy (TSE:SGY) Share Price Passes Below Fifty Day Moving Average of $9.35

Surge Energy Inc. (TSE:SGYGet Rating)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$9.35 and traded as low as C$9.24. Surge Energy shares last traded at C$9.42, with a volume of 401,690 shares.

Surge Energy Trading Down 1.2 %

The company has a debt-to-equity ratio of 51.04, a current ratio of 0.39 and a quick ratio of 0.37. The firm has a market cap of C$785.22 million and a price-to-earnings ratio of 11.21. The firm’s fifty day moving average is C$9.35 and its 200-day moving average is C$9.65.

Surge Energy (TSE:SGYGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The company reported C$0.83 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.51. The company had revenue of C$213.00 million for the quarter. Equities analysts anticipate that Surge Energy Inc. will post 3.3900002 earnings per share for the current year.

Surge Energy Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 15th were issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend was Thursday, July 28th. Surge Energy’s dividend payout ratio (DPR) is presently 4.17%.

Insider Activity at Surge Energy

In other Surge Energy news, Senior Officer Murray Bye sold 30,373 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of C$9.63, for a total transaction of C$292,507.18. Following the transaction, the insider now directly owns 136,916 shares in the company, valued at approximately C$1,318,569.54.

About Surge Energy

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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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