Whitecap Resources (OTCMKTS:SPGYF) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.37 and traded as low as $6.80. Whitecap Resources shares last traded at $6.81, with a volume of 42,624 shares traded.

Whitecap Resources Trading Down 2.4 %

The firm’s 50 day moving average is $7.09 and its two-hundred day moving average is $7.37.

Whitecap Resources Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.0424 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a yield of 7.36%. Whitecap Resources’s dividend payout ratio (DPR) is 47.33%.

About Whitecap Resources

(Get Free Report)

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.

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