Cardinal Energy (TSE:CJ) Insider Acquires C$14,700.00 in Stock

Key Points

• Robert Ernest Law Wollmann, an insider at Cardinal Energy, purchased 2,000 shares at C$7.35 per share, totaling C$14,700, increasing his holdings to 687,528 shares.
• Cardinal Energy's stock price rose 1.8% to C$7.37, with a trading volume above its average.
• The company announced a dividend of $0.06 per share to be paid on October 15th, with a payout ratio of 130.91%.

Cardinal Energy Ltd. (TSE:CJ - Get Free Report) insider Robert Ernest Law Wollmann purchased 2,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of C$7.35 per share, for a total transaction of C$14,700.00. Following the acquisition, the insider owned 687,528 shares of the company's stock, valued at C$5,053,330.80. This trade represents a 0.29% increase in their position.

Robert Ernest Law Wollmann also recently made the following trade(s):

• On Tuesday, September 9th, Robert Ernest Law Wollmann purchased 1,500 shares of Cardinal Energy stock. The shares were purchased at an average price of C$7.37 per share, with a total value of C$11,055.00.

Cardinal Energy Trading Up 1.8%

Shares of TSE:CJ traded up C$0.13 during trading on Tuesday, reaching C$7.37. The stock had a trading volume of 750,467 shares, compared to its average volume of 714,715. Cardinal Energy Ltd. has a 52 week low of C$4.64 and a 52 week high of C$7.47. 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's fifty day moving average is C$7.12 and its 200 day moving average is C$6.53. The stock has a market cap of C$1.18 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of -0.26 and a beta of 0.69.

Cardinal Energy Dividend Announcement

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.06 per share. Cardinal Energy's payout ratio is 130.91%.

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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