Frontera Energy (TSE:FEC) Trading Up 0.3% – Here’s Why

Shares of Frontera Energy Co. (TSE:FEC) traded up 0.3% during trading on Tuesday . The stock traded as high as C$9.48 and last traded at C$9.23. 38,932 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 64,121 shares. The stock had previously closed at C$9.20.

Frontera Energy Price Performance

The company has a 50 day moving average of C$8.04 and a 200 day moving average of C$8.05. The company has a quick ratio of 0.72, a current ratio of 0.97 and a debt-to-equity ratio of 29.45. The stock has a market capitalization of C$788.02 million, a price-to-earnings ratio of 5.41, a price-to-earnings-growth ratio of 0.06 and a beta of 1.92.

Frontera Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.063 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.25 annualized dividend and a dividend yield of 2.69%. Frontera Energy’s payout ratio is currently 14.45%.

About Frontera Energy

Frontera Energy Corporation engages in the exploration, development, production, transportation, storage, and sale of crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 24 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia.