Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 5,136,100 shares, an increase of 13.1% from the May 31st total of 4,539,400 shares. Based on an average trading volume of 63,500 shares, the short-interest ratio is currently 80.9 days.
Cardinal Energy Trading Up 0.4 %
CRLFF stock opened at $4.95 on Wednesday. The business’s 50-day moving average price is $5.01 and its two-hundred day moving average price is $4.94. Cardinal Energy has a 1-year low of $4.24 and a 1-year high of $5.81.
Cardinal Energy Cuts Dividend
The company also recently declared a dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a $0.0436 dividend. This represents a dividend yield of 10.7%. The ex-dividend date of this dividend is Friday, June 28th. Cardinal Energy’s dividend payout ratio is 8.93%.
Cardinal Energy Company Profile
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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