MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.49 and traded as low as $16.01. MEG Energy shares last traded at $16.20, with a volume of 319,540 shares changing hands.
MEG Energy Price Performance
The firm’s 50 day simple moving average is $16.91 and its 200-day simple moving average is $18.49.
MEG Energy Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.0722 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a dividend 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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