Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) shares were down 1% during mid-day trading on Friday . The stock traded as low as $5.50 and last traded at $5.50. Approximately 44,426 shares changed hands during trading, a decline of 11% from the average daily volume of 50,179 shares. The stock had previously closed at $5.56.
Surge Energy Stock Performance
The company’s 50 day simple moving average is $5.33 and its 200-day simple moving average is $5.47.
Surge Energy Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.0291 per share. This represents a dividend yield of 6.28%. The ex-dividend date of this dividend is Monday, April 29th. Surge Energy’s payout ratio is currently 104.97%.
Surge Energy Company Profile
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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