Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) shares traded up 3.1% during mid-day trading on Wednesday . The stock traded as high as $4.11 and last traded at $4.11. 41,357 shares traded hands during trading, a decline of 37% from the average session volume of 65,740 shares. The stock had previously closed at $3.99.
Surge Energy Price Performance
The stock has a 50-day moving average of $3.90 and a 200 day moving average of $4.10.
Surge Energy Increases Dividend
The company also recently declared a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.0305 per share. This is a positive change from Surge Energy’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 9.73%. Surge Energy’s dividend payout ratio (DPR) is currently 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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