Frontera Energy (TSE:FEC) Trading 0.3% Higher – Here’s What Happened

Frontera Energy Co. (TSE:FEC) was up 0.3% during trading on Tuesday . The company traded as high as C$9.48 and last traded at C$9.23. Approximately 38,932 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 64,121 shares. The stock had previously closed at C$9.20.

Frontera Energy Stock Performance

The company has a quick ratio of 0.72, a current ratio of 0.97 and a debt-to-equity ratio of 29.45. The firm has a 50-day moving average of C$8.01 and a 200 day moving average of C$8.04. The stock has a market capitalization of C$777.07 million, a P/E ratio of 5.34, a PEG ratio of 0.06 and a beta of 1.92.

Frontera Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, January 3rd. Frontera Energy’s payout ratio is 14.45%.

About Frontera Energy

Frontera Energy Corporation engages in the exploration, development, production, transportation, storage, and sale of crude oil and natural gas in South America. The company has a portfolio of assets, which consists of interests in 24 exploration and production blocks in Colombia, Ecuador, and Guyana; and in pipeline and port facilities in Colombia.