Surge Energy Inc. Announces Oct 25 Dividend of $0.04 (TSE:SGY)

Key Points

• Surge Energy Inc. announced a dividend of $0.04 per share, set for payment on October 25, 2023, to stockholders of record by September 30, 2023.
• The company's stock had a market capitalization of C$676.80 million and a price-to-earnings ratio of 12.42, indicating a potential value opportunity for investors.
• Insider trading activity includes Director Allison Michelle Maher selling 13,100 shares at an average price of C$7.64, which may signal confidence or strategy shifts within the company.

Surge Energy Inc. (TSE:SGY - Get Free Report) announced a oct 25 dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.0433 per share on Wednesday, October 15th.

Surge Energy Price Performance

Shares of SGY stock opened at C$6.83 on Monday. The stock has a 50-day moving average price of C$6.98 and a 200 day moving average price of C$5.99. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48. The firm has a market cap of C$676.80 million, a price-to-earnings ratio of 12.42, a PEG ratio of 0.59 and a beta of 0.75. Surge Energy has a 12 month low of C$4.37 and a 12 month high of C$7.84.

Insider Transactions at Surge Energy

In related news, Director Allison Michelle Maher sold 13,100 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of C$7.64, for a total value of C$100,070.90. 1.97% of the stock is owned by company insiders.

About Surge Energy

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.

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