MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $17.31 and traded as low as $16.43. MEG Energy shares last traded at $16.48, with a volume of 404,988 shares trading hands.
MEG Energy Stock Up 1.4 %
The firm’s 50 day moving average price is $17.20 and its two-hundred day moving average price is $18.74.
MEG Energy Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th will be given 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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