MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.47 and traded as low as $16.37. MEG Energy shares last traded at $16.51, with a volume of 10,148 shares traded.
MEG Energy Stock Performance
The business’s 50-day moving average price is $17.47 and its 200-day moving average price is $18.98.
MEG Energy Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.0722 per share. This represents a yield of 1.73%. The ex-dividend date is Monday, December 16th.
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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