Cardinal Energy Ltd. (OTCMKTS:CRLFF – Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 4,643,200 shares, a decrease of 11.2% from the August 15th total of 5,227,200 shares. Based on an average daily volume of 71,200 shares, the days-to-cover ratio is currently 65.2 days.
Cardinal Energy Stock Performance
CRLFF stock traded up $0.01 during mid-day trading on Wednesday, reaching $4.76. 64,594 shares of the company’s stock were exchanged, compared to its average volume of 39,320. The stock’s 50 day moving average is $4.97 and its 200 day moving average is $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 firm also recently declared a dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 2nd were paid a $0.0437 dividend. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 10.43%. Cardinal Energy’s payout ratio 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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