Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 6,822,500 shares, a drop of 5.7% from the November 15th total of 7,232,700 shares. Based on an average daily volume of 75,400 shares, the short-interest ratio is presently 90.5 days.
Cardinal Energy Stock Down 1.4 %
Shares of OTCMKTS CRLFF opened at $4.36 on Wednesday. The firm’s 50-day moving average price is $4.64 and its 200-day moving average price is $4.82. Cardinal Energy has a 52-week low of $4.30 and a 52-week high of $5.39.
Cardinal Energy Cuts Dividend
The firm also recently announced a dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.043 per share. The ex-dividend date was Friday, November 29th. This represents a yield of 10.78%. Cardinal Energy’s dividend payout ratio (DPR) 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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