MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.40 and traded as high as $16.77. MEG Energy shares last traded at $15.92, with a volume of 136,680 shares trading hands.
MEG Energy Price Performance
The firm’s 50-day simple moving average is $16.39 and its two-hundred day simple moving average is $17.97.
MEG Energy Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 17th were given a $0.0722 dividend. This represents a yield of 1.73%. The ex-dividend date was Monday, December 16th.
About MEG Energy
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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