Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 3,186,600 shares, an increase of 17.5% from the January 15th total of 2,711,400 shares. Based on an average daily trading volume, of 177,100 shares, the days-to-cover ratio is currently 18.0 days.
Surge Energy Stock Performance
Shares of ZPTAF opened at $3.85 on Monday. The company has a 50-day moving average price of $3.93 and a two-hundred day moving average price of $4.27. Surge Energy has a 12 month low of $3.45 and a 12 month high of $6.01.
Surge Energy Cuts Dividend
The business also recently announced a dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.0302 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 8.65%. Surge Energy’s dividend payout ratio (DPR) 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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