Shares of MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.47 and traded as low as $16.37. MEG Energy shares last traded at $16.51, with a volume of 10,148 shares trading hands.
MEG Energy Stock Performance
The business’s 50 day simple moving average is $17.47 and its two-hundred day simple moving average is $18.98.
MEG Energy Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th will be issued a $0.0722 dividend. 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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