Tourmaline Oil Corp. (OTCMKTS:TRMLF – Get Free Report) was up 1.9% during mid-day trading on Wednesday . The company traded as high as $48.57 and last traded at $48.57. Approximately 96,452 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 89,455 shares. The stock had previously closed at $47.67.
Tourmaline Oil Trading Up 1.9 %
The stock’s fifty day simple moving average is $46.27 and its 200-day simple moving average is $45.72. The firm has a market cap of $18.15 billion, a PE ratio of 14.99, a PEG ratio of 0.81 and a beta of -0.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01.
Tourmaline Oil Cuts Dividend
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.2486 dividend. The ex-dividend date was Monday, December 16th. This represents a dividend yield of 2.24%. Tourmaline Oil’s dividend payout ratio is currently 30.56%.
About Tourmaline Oil
Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.
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