Cardinal Energy (OTCMKTS:CRLFF) Trading Up 2.1% – Here’s Why

Cardinal Energy Ltd. (OTCMKTS:CRLFFGet Free Report) shares traded up 2.1% during trading on Monday . The stock traded as high as $3.90 and last traded at $3.84. 109,370 shares changed hands during trading, an increase of 26% from the average session volume of 87,070 shares. The stock had previously closed at $3.76.

Cardinal Energy Stock Up 3.6 %

The stock has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $4.50.

Cardinal Energy Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a $0.0417 dividend. This represents a yield of 10.86%. The ex-dividend date of this dividend was Monday, March 31st. Cardinal Energy’s dividend payout ratio is currently 8.93%.

About Cardinal Energy

(Get Free Report)

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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