Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 4,643,200 shares, a drop of 11.2% from the August 15th total of 5,227,200 shares. Based on an average trading volume of 71,200 shares, the short-interest ratio is presently 65.2 days.
Cardinal Energy Price Performance
OTCMKTS CRLFF opened at $4.69 on Thursday. The company has a fifty day simple moving average of $4.97 and a 200 day simple moving average of $5.02. Cardinal Energy has a 12-month low of $4.24 and a 12-month high of $5.81.
Cardinal Energy Cuts Dividend
The business also recently disclosed a dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were paid a $0.0437 dividend. This represents a dividend yield of 10.43%. The ex-dividend date of this dividend was Friday, August 30th. Cardinal Energy’s dividend payout ratio (DPR) 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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