Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) shot up 3.1% during trading on Wednesday . The company traded as high as $4.11 and last traded at $4.11. 41,357 shares were traded during mid-day trading, a decline of 37% from the average session volume of 65,740 shares. The stock had previously closed at $3.99.
Surge Energy Stock Down 0.5 %
The business’s fifty day moving average price is $3.90 and its 200 day moving average price is $4.10.
Surge Energy Increases Dividend
The business also recently disclosed a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.0305 per share. This represents a yield of 9.73%. This is a boost from Surge Energy’s previous dividend of $0.03. The ex-dividend date was Friday, February 28th. Surge Energy’s dividend payout ratio (DPR) 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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