PetroTal Corp. (OTCMKTS:PTALF – Get Free Report)’s stock price shot up 0.9% during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $0.50 and last traded at $0.49. 48,210 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 166,125 shares. The stock had previously closed at $0.49.
The newly announced dividend which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.06 dividend on an annualized basis and a yield of 12.37%.
PetroTal Stock Performance
The business has a 50-day simple moving average of $0.46 and a two-hundred day simple moving average of $0.47.
PetroTal Company Profile
PetroTal Corp. engages in the development and exploration of oil and natural gas in Peru, South America. Its flagship property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp. in June 2018.
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