Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) was down 1% during trading on Monday . The company traded as low as $4.66 and last traded at $4.66. Approximately 2,085 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 43,777 shares. The stock had previously closed at $4.71.
Surge Energy Price Performance
The business has a 50 day simple moving average of $4.66 and a 200 day simple moving average of $5.05.
Surge Energy Increases Dividend
The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.0319 per share. This represents a dividend yield of 8.38%. The ex-dividend date is Friday, September 27th. This is an increase from Surge Energy’s previous dividend of $0.03. Surge Energy’s dividend payout ratio is 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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