PetroTal (LON:PTAL) Trading Down 0.7% – Here’s Why

PetroTal Corp. (LON:PTAL)’s share price dropped 0.7% during mid-day trading on Tuesday . The stock traded as low as GBX 35.80 ($0.46) and last traded at GBX 36.50 ($0.47). Approximately 198,963 shares traded hands during trading, a decline of 65% from the average daily volume of 573,019 shares. The stock had previously closed at GBX 36.75 ($0.47).

PetroTal Stock Down 1.4 %

The company has a debt-to-equity ratio of 5.22, a current ratio of 2.55 and a quick ratio of 1.83. The company has a market capitalization of £329.11 million, a PE ratio of 330.55 and a beta of 1.90. The business’s 50 day simple moving average is GBX 36.86 and its 200 day simple moving average is GBX 40.75.

PetroTal Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 28th will be paid a $0.02 dividend. This represents a dividend yield of 3.22%. The ex-dividend date is Thursday, November 28th. PetroTal’s dividend payout ratio (DPR) is presently 4,545.45%.

PetroTal Company Profile

PetroTal Corp. engages in the development and exploration of oil and natural gas in Peru, South America. Its flagship property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp. in June 2018.