PetroTal (LON:PTAL) Stock Price Up 0.1% – Time to Buy?

Shares of PetroTal Corp. (LON:PTAL) traded up 0.1% during mid-day trading on Thursday . The company traded as high as GBX 38 ($0.47) and last traded at GBX 37.80 ($0.47). 542,764 shares were traded during trading, a decline of 48% from the average session volume of 1,039,638 shares. The stock had previously closed at GBX 37.75 ($0.47).

PetroTal Price Performance

The business has a 50-day moving average of GBX 35.04 and a 200 day moving average of GBX 37.20. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 5.22. The firm has a market capitalization of £345.57 million, a P/E ratio of 343.64 and a beta of 1.90.

PetroTal Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 3.22%. PetroTal’s dividend payout ratio is 4,545.45%.

About PetroTal

PetroTal is a publicly traded, tri‐quoted (TSX: TAL, AIM: PTAL and OTCQX: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru.

PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018.