PetroTal (LON:PTAL) Stock Price Down 2.3% – Here’s Why

PetroTal Corp. (LON:PTAL) shares fell 2.3% during mid-day trading on Tuesday . The stock traded as low as GBX 37.50 ($0.49) and last traded at GBX 37.60 ($0.49). 299,330 shares were traded during mid-day trading, a decline of 49% from the average session volume of 589,350 shares. The stock had previously closed at GBX 38.50 ($0.50).

PetroTal Trading Down 0.7 %

The firm has a 50-day moving average price of GBX 37.99 and a 200-day moving average price of GBX 41.97. The company has a debt-to-equity ratio of 5.22, a quick ratio of 1.83 and a current ratio of 2.55. The stock has a market cap of £338.16 million, a PE ratio of 336.27 and a beta of 1.90.

PetroTal Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were given a dividend of $0.02 per share. This represents a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, August 29th. PetroTal’s payout ratio is currently 4,545.45%.

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.