March 18 was a positive day for Cardinal Energy Ltd. (CJ:CA) as its stock finished the day having gained 5.91% to hit a price of $2.33 a share. The company reached a market cap of 272.95 million and has 117.15 million shares outstanding. Cardinal Energy Ltd. is a component of the the S&P/TSX SmallCap Index.
602,815 shares changed hands over the course of the day as compared to an average volume of 538,501 over the last 30 days for Cardinal Energy Ltd..
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.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO M. Scott Ratushny.
Cardinal Energy Ltd. has hit a high of $5.89 and reached a low of $1.80 over its last year of trading. The stock’s 50-day SMA is now $2.25 and 200-day SMA is $3.77. As for its price valuations, the P/E ratio is at 0 and P/B is now 0.38.
The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.