Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 5,136,100 shares, an increase of 13.1% from the May 31st total of 4,539,400 shares. Based on an average trading volume of 63,500 shares, the days-to-cover ratio is currently 80.9 days.
Cardinal Energy Stock Up 0.4 %
CRLFF stock opened at $4.95 on Wednesday. Cardinal Energy has a 1 year low of $4.24 and a 1 year high of $5.81. The company has a fifty day simple moving average of $5.01 and a 200 day simple moving average of $4.94.
Cardinal Energy Cuts Dividend
The business also recently declared a dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a $0.0436 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a dividend yield of 10.7%. Cardinal Energy’s dividend payout ratio is currently 8.93%.
Cardinal Energy Company Profile
Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.
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