M. Scott Ratushny Purchases 15,000 Shares of Cardinal Energy (TSE:CJ) Stock

Key Points

• Cardinal Energy Director M. Scott Ratushny purchased 15,000 shares of the company at an average price of C$7.25, totaling C$108,750, increasing his ownership to approximately C$21.66 million.
• The company declared a $0.06 dividend to be paid on October 15th, with an impressive dividend yield of 960.0%, though it currently exhibits a high dividend payout ratio of 130.91%.
• Cardinal Energy's stock price is currently trading at C$7.68, with a 52-week range between C$4.64 and C$7.84, and a market capitalization of C$1.23 billion.

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) Director M. Scott Ratushny bought 15,000 shares of the stock in a transaction on Wednesday, September 3rd. The shares were bought at an average price of C$7.25 per share, for a total transaction of C$108,750.00. Following the purchase, the director directly owned 2,988,256 shares in the company, valued at approximately C$21,664,856. This trade represents a 0.50% increase in their position.

Cardinal Energy Stock Performance

TSE:CJ traded up C$0.19 during mid-day trading on Tuesday, hitting C$8.01. 784,133 shares of the company traded hands, compared to its average volume of 719,207. The stock's fifty day moving average price is C$7.28 and its 200-day moving average price is C$6.62. Cardinal Energy Ltd. has a one year low of C$4.64 and a one year high of C$8.09. The company has a quick ratio of 0.67, a current ratio of 0.50 and a debt-to-equity ratio of 8.05. 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.

Cardinal Energy Announces Dividend

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