Cardinal Energy (TSE:CJ) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Posted by Amanda Harley on Mar 27th, 2025

Shares of Cardinal Energy Ltd. (TSE:CJ – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$6.42 and traded as high as C$6.69. Cardinal Energy shares last traded at C$6.59, with a volume of 658,295 shares traded.

Analysts Set New Price Targets

CJ has been the subject of a number of recent analyst reports. Atb Cap Markets downgraded Cardinal Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. BMO Capital Markets upped their price objective on Cardinal Energy from C$7.00 to C$7.50 in a research note on Tuesday, January 14th.

View Our Latest Stock Report on CJ

Cardinal Energy Stock Up 0.3 %

The company has a debt-to-equity ratio of 8.05, a quick ratio of 0.67 and a current ratio of 0.50. The firm’s 50-day simple moving average is C$6.41 and its 200 day simple moving average is C$6.45. The company has a market capitalization of C$1.05 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of -0.26 and a beta of 2.81.

Cardinal Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a $0.06 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.72 annualized dividend and a dividend yield of 10.91%. Cardinal Energy’s dividend payout ratio is presently 111.27%.

Insiders Place Their Bets

In related news, Senior Officer Kenneth Cory Lee Younger sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of C$6.90, for a total transaction of C$82,800.00. 23.38% of the stock is currently owned by company insiders.

About Cardinal Energy

(Get Free Report)

Cardinal Energy Ltd is an oil-focused Canadian company. The company’s principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.