Surge Energy (OTCMKTS:ZPTAF) Shares Down 1% – What’s Next?

Surge Energy Inc. (OTCMKTS:ZPTAF) shares dropped 1% during mid-day trading on Monday . The stock 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 Stock Down 1.4 %

The company has a 50 day moving average price of $4.65 and a 200-day moving average price of $5.03.

Surge Energy Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.0319 per share. This represents a yield of 8.38%. This is a boost from Surge Energy’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, September 27th. Surge Energy’s dividend payout ratio 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.