MEG Energy (OTCMKTS:MEGEF) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

MEG Energy Corp. (OTCMKTS:MEGEFGet Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.96 and traded as low as $13.79. MEG Energy shares last traded at $13.88, with a volume of 217,022 shares changing hands.

MEG Energy Trading Up 0.8 %

The business has a 50-day moving average price of $15.96 and a 200-day moving average price of $17.08.

MEG Energy Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 21st were paid a $0.0693 dividend. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 1.61%.

MEG Energy Company Profile

(Get Free Report)

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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