Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 5,052,100 shares, a drop of 11.6% from the July 15th total of 5,715,700 shares. Based on an average trading volume of 51,500 shares, the short-interest ratio is currently 98.1 days.
Cardinal Energy Stock Performance
Cardinal Energy stock opened at $5.08 on Monday. The company’s 50-day moving average is $4.95 and its 200-day moving average is $4.99. Cardinal Energy has a fifty-two week low of $4.24 and a fifty-two week high of $5.81.
Cardinal Energy Increases Dividend
The firm also recently declared a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.044 per share. This represents a yield of 10.33%. The ex-dividend date was Wednesday, July 31st. This is an increase from Cardinal Energy’s previous dividend of $0.04. Cardinal Energy’s payout ratio is 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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