Motor Oil (Hellas) Corinth Refineries (OTCMKTS:MOHCY) Shares Down 8.3% – Here’s What Happened

Motor Oil (Hellas) Corinth Refineries S.A. (OTCMKTS:MOHCY)’s share price dropped 8.3% during trading on Wednesday . The company traded as low as $11.01 and last traded at $11.01. Approximately 500 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 340 shares. The stock had previously closed at $12.00.

Motor Oil (Hellas) Corinth Refineries Stock Down 3.9 %

The firm has a fifty day simple moving average of $9.90 and a two-hundred day simple moving average of $10.98.

Motor Oil (Hellas) Corinth Refineries Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, December 27th will be given a dividend of $0.1574 per share. The ex-dividend date is Friday, December 27th. Motor Oil (Hellas) Corinth Refineries’s dividend payout ratio is presently -576.31%.

Motor Oil (Hellas) Corinth Refineries Company Profile

Motor Oil (Hellas) Corinth Refineries SA engages in oil refining and oil products trading in Greece and internationally. It operates through four segments: Refining Activity, Fuels' Marketing Activity, Power & Gas, and Other. The company produces and sells liquid fuels, lubricants, and asphalt for transportation, industrial, and household use.