Cardinal Energy (TSE:CJ) Hits New 1-Year High - Here's Why

Key Points

• Cardinal Energy's stock reached a new 52-week high at C$7.46, closing at C$7.42 with a trading volume of 173,916 shares.
• The company announced a monthly dividend of $0.06, reflecting an annualized yield of 9.7%, despite a high dividend payout ratio of 111.27%.
• Cardinal Energy has a market capitalization of C$1.18 billion and operates primarily in the acquisition and production of oil and gas in Alberta and Saskatchewan.

Cardinal Energy Ltd. (TSE:CJ - )'s stock price hit a new 52-week high on Wednesday . The company traded as high as C$7.46 and last traded at C$7.42, with a volume of 173916 shares. The stock had previously closed at C$7.44.

Cardinal Energy Stock Down 0.3%

The stock's fifty day moving average is C$7.05 and its two-hundred day moving average is C$6.48. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.50 and a quick ratio of 0.67. The stock has a market capitalization of C$1.18 billion, a P/E ratio of 11.47, a PEG ratio of -0.26 and a beta of 2.81.

Cardinal Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 9.7%. Cardinal Energy's dividend payout ratio (DPR) is currently 111.27%.

Cardinal Energy Company Profile

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.

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