PetroTal (LON:PTAL) Trading 0.1% Higher – Here’s What Happened

Shares of PetroTal Corp. (LON:PTAL) were up 0.1% during trading on Thursday . The stock traded as high as GBX 38 ($0.47) and last traded at GBX 37.80 ($0.47). Approximately 542,764 shares traded hands during trading, a decline of 48% from the average daily volume of 1,039,638 shares. The stock had previously closed at GBX 37.75 ($0.47).

PetroTal Stock Performance

The stock has a market cap of £345.57 million, a P/E ratio of 343.64 and a beta of 1.90. The company has a debt-to-equity ratio of 5.22, a current ratio of 2.55 and a quick ratio of 1.83. The stock’s 50 day simple moving average is GBX 34.96 and its two-hundred day simple moving average is GBX 37.22.

PetroTal Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 3.22%. PetroTal’s dividend payout ratio is currently 4,545.45%.

PetroTal Company Profile

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018.