Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) shot up 1.4% during mid-day trading on Tuesday . The company traded as high as $4.78 and last traded at $4.76. 31,336 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 65,479 shares. The stock had previously closed at $4.69.
Cardinal Energy Stock Up 1.4 %
The firm has a 50 day moving average of $4.56 and a 200-day moving average of $4.77.
Cardinal Energy Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be issued a $0.0423 dividend. This represents a dividend yield of 11.67%. The ex-dividend date is Tuesday, December 31st. Cardinal Energy’s dividend payout ratio is 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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