Shares of Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) were down 1.9% during mid-day trading on Wednesday . The company traded as low as $7.35 and last traded at $7.36. Approximately 31,270 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 54,882 shares. The stock had previously closed at $7.50.
Surge Energy Price Performance
The stock’s 50 day simple moving average is $6.70 and its two-hundred day simple moving average is $5.75.
About Surge Energy
Surge Energy Inc is a Calgary-based oil and natural gas exploration and production company trading on the OTC Markets under the ticker ZPTAF. The company focuses on the development of light crude oil, natural gas liquids and natural gas assets across western Canada. Surge’s operations emphasize efficient capital deployment and cost control to optimize production from its resource plays.
Surge Energy holds acreage in key western Canadian resource basins, including the Montney and Duvernay formations in Alberta, the Viking play in Saskatchewan and the Mannville group in Alberta.
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