Surge Energy Inc. (TSE:SGY – Get Rating) Senior Officer Murray Bye sold 30,373 shares of the business's stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of C$9.63, for a total value of C$292,507.18. Following the completion of the transaction, the insider now directly owns 136,916 shares in the company, valued at approximately C$1,318,569.54.

Surge Energy Stock Performance

Shares of TSE:SGY traded down C$0.01 during trading on Friday, reaching C$9.91. The company had a trading volume of 458,626 shares, compared to its average volume of 1,049,817. The stock's fifty day moving average price is C$9.46 and its 200 day moving average price is C$9.22. Surge Energy Inc. has a fifty-two week low of C$3.06 and a fifty-two week high of C$13.68. The firm has a market capitalization of C$826.07 million and a price-to-earnings ratio of 12.20. The company has a debt-to-equity ratio of 51.04, a current ratio of 0.39 and a quick ratio of 0.37.

Surge Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 15th were issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Thursday, July 28th. Surge Energy's dividend payout ratio is presently 4.32%.

Surge Energy Company Profile

Surge Energy Inc explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan.

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