Shares of Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) shot up 0.7% during mid-day trading on Friday . The company traded as high as $4.48 and last traded at $4.48. 17,594 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 44,743 shares. The stock had previously closed at $4.45.
Cardinal Energy Stock Up 0.7 %
The company’s fifty day simple moving average is $4.65 and its 200 day simple moving average is $4.83.
Cardinal Energy Cuts Dividend
The company also recently announced a dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.043 dividend. This represents a dividend yield of 10.78%. The ex-dividend date is Friday, November 29th. Cardinal Energy’s payout ratio is presently 8.93%.
About Cardinal Energy
Cardinal Energy Ltd. engages in the acquisition, development, optimization, and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Cardinal Energy Ltd. was incorporated in 2010 and is headquartered in Calgary, Canada.
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