Robert Ernest Law Wollmann Acquires 2,000 Shares of Cardinal Energy (TSE:CJ) 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 stock in a transaction on Tuesday, September 9th. The stock was acquired at an average price of C$7.35 per share, with a total value of C$14,700.00. Following the acquisition, the insider directly owned 687,528 shares in the company, valued at C$5,053,330.80. This trade represents a 0.29% increase in their ownership of the stock.

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 stock was acquired at an average price of C$7.37 per share, with a total value of C$11,055.00.

Cardinal Energy Trading Up 0.8%

CJ traded up C$0.06 during midday trading on Friday, hitting C$7.50. The company's stock had a trading volume of 854,134 shares, compared to its average volume of 717,506. The company has a current ratio of 0.50, a quick ratio of 0.67 and a debt-to-equity ratio of 8.05. The firm has a market cap of C$1.20 billion, a P/E ratio of 13.64, a PEG ratio of -0.26 and a beta of 0.69. The firm has a 50-day moving average price of C$7.18 and a two-hundred day moving average price of C$6.56. Cardinal Energy Ltd. has a 52-week low of C$4.64 and a 52-week high of C$7.53.

Cardinal Energy Dividend Announcement

The company also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.06 per share. Cardinal Energy's payout ratio is currently 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.