Whitecap Resources (OTCMKTS:SPGYF) Shares Pass Below 50-Day Moving Average – Here’s Why

Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.95 and traded as low as $6.77. Whitecap Resources shares last traded at $6.79, with a volume of 119,259 shares changing hands.

Whitecap Resources Price Performance

The company’s fifty day moving average price is $6.96 and its 200 day moving average price is $7.28.

Whitecap Resources Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.0427 dividend. The ex-dividend date is Friday, February 28th. This is a positive change from Whitecap Resources’s previous dividend of $0.04. This represents a dividend yield of 7.49%. Whitecap Resources’s payout ratio is 47.33%.

Whitecap Resources Company Profile

(Get Free Report)

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.

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