PetroTal (LON:PTAL) Trading Up 2.5%

PetroTal Corp. (LON:PTAL) shares were up 2.5% during trading on Thursday . The stock traded as high as GBX 42 ($0.53) and last traded at GBX 41 ($0.52). Approximately 4,511,518 shares changed hands during mid-day trading, an increase of 555% from the average daily volume of 688,831 shares. The stock had previously closed at GBX 40 ($0.51).

PetroTal Stock Up 2.5 %

The firm’s 50 day moving average price is GBX 45.73 and its two-hundred day moving average price is GBX 45.66. The company has a market capitalization of £375.03 million, a P/E ratio of 341.67 and a beta of 1.98. The company has a current ratio of 2.43, a quick ratio of 1.83 and a debt-to-equity ratio of 5.68.

PetroTal Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a yield of 2.48%. PetroTal’s payout ratio is presently 5,000.00%.

About PetroTal

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.