Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report)’s share price dropped 1% during trading on Friday . The stock traded as low as $5.50 and last traded at $5.50. Approximately 44,426 shares were traded during trading, a decline of 11% from the average daily volume of 50,179 shares. The stock had previously closed at $5.56.
Surge Energy Trading Down 1.0 %
The firm has a 50-day simple moving average of $5.33 and a 200 day simple moving average of $5.47.
Surge Energy Cuts Dividend
The company also recently disclosed a dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.0296 per share. This represents a yield of 6.62%. The ex-dividend date was Wednesday, March 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.
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