MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $17.94 and traded as low as $15.75. MEG Energy shares last traded at $16.10, with a volume of 10,740 shares trading hands.
MEG Energy Stock Performance
The company’s 50-day simple moving average is $17.82 and its 200 day simple moving average is $19.18.
MEG Energy Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.0722 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a yield of 1.73%.
About MEG Energy
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions.
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