Shares of Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) traded up 3.1% during trading on Wednesday . The company traded as high as $4.11 and last traded at $4.11. 41,357 shares changed hands during trading, a decline of 37% from the average session volume of 65,740 shares. The stock had previously closed at $3.99.
Surge Energy Price Performance
The company’s fifty day simple moving average is $3.90 and its 200 day simple moving average is $4.10.
Surge Energy Increases Dividend
The business also recently disclosed a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.0305 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Surge Energy’s previous dividend of $0.03. This represents a yield of 9.73%. Surge Energy’s dividend payout ratio (DPR) is 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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