PetroTal (LON:PTAL) Trading 2.9% Higher

Shares of PetroTal Corp. (LON:PTAL) traded up 2.9% on Wednesday . The company traded as high as GBX 45.09 ($0.57) and last traded at GBX 43.75 ($0.55). 273,487 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,003,834 shares. The stock had previously closed at GBX 42.50 ($0.54).

PetroTal Price Performance

The firm has a market capitalization of £403.51 million, a PE ratio of 486.11 and a beta of 2.00. The company has a current ratio of 2.90, a quick ratio of 1.83 and a debt-to-equity ratio of 8.16. The business has a 50-day moving average of GBX 42.37 and a 200 day moving average of GBX 42.67.

PetroTal Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a yield of 4.45%. This is an increase from PetroTal’s previous dividend of $0.02. PetroTal’s dividend payout ratio (DPR) is currently 3,333.33%.

PetroTal Company Profile

PetroTal Corp. engages in the appraisal, development, and exploration of oil and natural gas in Peru, South America. Its flagship asset is its 100% owned Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp.