Shares of MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) 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.
MEG Energy Stock Performance
The company’s 50 day moving average is $17.31 and its 200 day moving average is $18.79.
MEG Energy Cuts Dividend
The business also recently announced a dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 17th will be paid a $0.0722 dividend. This represents a dividend 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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