Peyto Exploration & Development (OTCMKTS:PEYUF) Shares Down 1.3% – Time to Sell?

Peyto Exploration & Development Corp. (OTCMKTS:PEYUF)’s stock price dropped 1.3% during mid-day trading on Friday . The stock traded as low as $11.32 and last traded at $11.34. Approximately 29,337 shares traded hands during trading, a decline of 70% from the average daily volume of 97,399 shares. The stock had previously closed at $11.49.

Peyto Exploration & Development Stock Performance

The company has a 50-day moving average of $11.35 and a 200 day moving average of $10.97.

Peyto Exploration & Development Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.0781 dividend. This represents a dividend yield of 7.65%. The ex-dividend date of this dividend is Friday, November 29th. Peyto Exploration & Development’s dividend payout ratio (DPR) is 74.96%.

About Peyto Exploration & Development

Peyto Exploration & Development Corp., an energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids in Deep Basin of Alberta. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp.