Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 703,300 shares, a growth of 39.5% from the February 29th total of 504,000 shares. Based on an average daily volume of 96,600 shares, the short-interest ratio is currently 7.3 days.
Surge Energy Stock Performance
OTCMKTS:ZPTAF opened at $5.70 on Friday. Surge Energy has a one year low of $4.36 and a one year high of $7.17. The business has a fifty day moving average price of $4.98 and a 200-day moving average price of $5.59.
Surge Energy Cuts Dividend
The firm also recently declared a dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a $0.0296 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a yield of 6.62%. Surge Energy’s payout ratio is presently 104.97%.
Surge Energy Company Profile
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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