PetroTal (LON:PTAL) Shares Down 2.8% - Time to Sell?

PetroTal Corp. (LON:PTAL - Get Free Report)'s stock price fell 2.8% during mid-day trading on Thursday . The company traded as low as GBX 34.50 ($0.44) and last traded at GBX 34.50 ($0.44). 116,758 shares were traded during mid-day trading, a decline of 79% from the average session volume of 564,328 shares. The stock had previously closed at GBX 35.50 ($0.45).

PetroTal Stock Down 1.4 %

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 firm has a market capitalization of £310.83 million, a PE ratio of 313.64 and a beta of 1.90. The company has a fifty day moving average price of GBX 36.68 and a 200-day moving average price of GBX 39.52.

PetroTal Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, November 29th. This represents a yield of 3.22%. PetroTal's dividend payout ratio (DPR) is currently 4,545.45%.

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.