Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) traded up 3.1% during mid-day trading on Wednesday . The company 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 Trading Down 0.5 %
The company has a 50-day moving average price of $3.90 and a 200-day moving average price of $4.10.
Surge Energy Increases Dividend
The business also recently declared a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.0305 dividend. This is a positive change from Surge Energy’s previous dividend of $0.03. This represents a yield of 9.73%. The ex-dividend date of this dividend was Friday, February 28th. 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.
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