PetroTal Corp. (OTCMKTS:PTALF – Get Free Report) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 7,798,600 shares, a decrease of 17.6% from the February 28th total of 9,464,000 shares. Based on an average trading volume of 230,300 shares, the days-to-cover ratio is presently 33.9 days.
PetroTal Price Performance
OTCMKTS PTALF opened at $0.47 on Wednesday. PetroTal has a one year low of $0.36 and a one year high of $0.64. The company’s 50-day simple moving average is $0.48 and its two-hundred day simple moving average is $0.47.
PetroTal Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 12.67%. The ex-dividend date of this dividend was Friday, February 28th.
About PetroTal
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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