John Albert Brussa Purchases 15,000 Shares of Cardinal Energy (TSE:CJ) Stock

Key Points

• John Albert Brussa, a director at Cardinal Energy, purchased 15,000 shares for a total of C$109,500, increasing his holdings by 2.35% to 653,600 shares.
• Cardinal Energy announced a dividend of $0.06 per share, yielding 960.0%, with the payment date set for October 15th.
• As of the last trading session, Cardinal Energy shares were priced at C$7.68, with a notable 52-week range between C$4.64 and C$7.84.

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) Director John Albert Brussa acquired 15,000 shares of Cardinal Energy stock in a transaction on Wednesday, September 3rd. The stock was acquired at an average price of C$7.30 per share, with a total value of C$109,500.00. Following the purchase, the director directly owned 653,600 shares in the company, valued at approximately C$4,771,280. This trade represents a 2.35% increase in their ownership of the stock.

Cardinal Energy Stock Performance

TSE:CJ traded up C$0.19 during trading on Tuesday, reaching C$8.01. The company's stock had a trading volume of 784,133 shares, compared to its average volume of 719,207. The firm has a market cap of C$1.29 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of -0.26 and a beta of 0.69. The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. The firm has a 50 day moving average of C$7.28 and a 200-day moving average of C$6.62. Cardinal Energy Ltd. has a 12 month low of C$4.64 and a 12 month high of C$8.09.

Cardinal Energy Announces Dividend

The company also recently declared a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, September 29th. This represents a dividend yield of 960.0%. Cardinal Energy's dividend payout ratio is presently 130.91%.

About Cardinal Energy

Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.