PetroTal Corp. (OTCMKTS:PTALF – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 9,615,300 shares, a growth of 29.1% from the December 15th total of 7,446,900 shares. Based on an average daily trading volume, of 756,000 shares, the days-to-cover ratio is currently 12.7 days.
PetroTal Price Performance
Shares of PTALF traded up $0.03 during trading hours on Friday, hitting $0.52. The company had a trading volume of 170,735 shares, compared to its average volume of 277,049. The firm has a fifty day moving average price of $0.44 and a 200-day moving average price of $0.48. PetroTal has a 52-week low of $0.36 and a 52-week high of $0.64.
PetroTal Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 11.49%. The ex-dividend date of this dividend was Friday, November 29th.
PetroTal Company Profile
PetroTal Corp. engages in the development and exploration of oil and natural gas in Peru, South America. Its flagship property is the Bretana oil field located in the Maranon Basin of northern Peru. The company was formerly known as Sterling Resources Ltd. and changed its name to PetroTal Corp. in June 2018.
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