MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $16.36 and traded as low as $12.94. MEG Energy shares last traded at $13.95, with a volume of 385,270 shares.
MEG Energy Price Performance
The business has a fifty day simple moving average of $16.36 and a 200 day simple moving average of $17.32.
MEG Energy Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 21st will be issued a dividend of $0.0693 per share. This represents a yield of 1.61%. The ex-dividend date is Thursday, March 20th.
MEG Energy Company Profile
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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