MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $19.31 and traded as high as $20.64. MEG Energy shares last traded at $20.29, with a volume of 11,736 shares.
MEG Energy Trading Down 0.3 %
The firm’s 50-day moving average price is $19.31 and its 200-day moving average price is $20.95.
MEG Energy Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 18th will be given a dividend of $0.0723 per share. This represents a dividend yield of 1.62%. The ex-dividend date is Tuesday, September 17th.
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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