Chesapeake Granite Wash Trust (OTCMKTS:CHKR) Trading Up 5.2%

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) shares rose 5.2% on Friday . The company traded as high as $0.45 and last traded at $0.42. Approximately 17,120 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 33,027 shares. The stock had previously closed at $0.40.

Chesapeake Granite Wash Trust Stock Up 5.2 %

The company’s fifty day moving average price is $0.42 and its two-hundred day moving average price is $0.49. The company has a market cap of $19.68 million, a price-to-earnings ratio of 3.24 and a beta of 0.44.

Chesapeake Granite Wash Trust (OTCMKTS:CHKR) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $1.25 million during the quarter. Chesapeake Granite Wash Trust had a return on equity of 41.19% and a net margin of 61.39%.

Chesapeake Granite Wash Trust Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 29th. Investors of record on Tuesday, August 20th were given a $0.0202 dividend. This represents a yield of 18.12%. The ex-dividend date was Monday, August 19th. Chesapeake Granite Wash Trust’s dividend payout ratio (DPR) is currently 61.54%.

About Chesapeake Granite Wash Trust

Chesapeake Granite Wash Trust owns royalty interests in oil, natural gas liquids, and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of Western Oklahoma. It has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.