AMEN Properties (OTCMKTS:AMEN) Shares Cross Above Fifty Day Moving Average of $780.72

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AMEN Properties, Inc (OTCMKTS:AMEN)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $780.72 and traded as high as $737.00. AMEN Properties shares last traded at $737.00, with a volume of 5 shares changing hands.

Separately, ValuEngine cut shares of AMEN Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

The stock’s 50 day moving average price is $776.34 and its 200-day moving average price is $782.88.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 23rd were paid a $20.00 dividend. The ex-dividend date was Friday, September 20th. This represents a $80.00 dividend on an annualized basis and a dividend yield of 10.81%.

About AMEN Properties (OTCMKTS:AMEN)

AMEN Properties, Inc owns oil and gas royalty and working interests in various oil and gas properties in the United States. It owns an indirect interest in oil gas and gas royalties through its ownership of 33% of the membership interests of SFF Royalty, LLC; and controls oil and gas working interests owned by SFF Production, LLC through its ownership of 81.1% of the membership interests.

Further Reading: Diversification

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