Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 2,681,700 shares, a decline of 15.8% from the March 15th total of 3,183,200 shares. Based on an average daily volume of 72,600 shares, the days-to-cover ratio is currently 36.9 days.
Surge Energy Price Performance
Shares of OTCMKTS ZPTAF opened at $3.71 on Monday. Surge Energy has a 1 year low of $3.11 and a 1 year high of $5.91. The firm has a fifty day moving average price of $3.82 and a 200-day moving average price of $4.00.
Surge Energy Cuts Dividend
The firm also recently declared a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a $0.0303 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a yield of 8.68%. Surge Energy’s payout ratio is presently 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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