Whitecap Resources (OTCMKTS:SPGYF) Stock Crosses Below 50 Day Moving Average of $7.49

Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.49 and traded as low as $7.38. Whitecap Resources shares last traded at $7.42, with a volume of 25,964 shares.

Whitecap Resources Stock Down 0.4 %

The company has a 50 day moving average of $7.49 and a 200-day moving average of $7.06.

Whitecap Resources Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.0442 per share. The ex-dividend date is Monday, April 29th. This represents a dividend yield of 7.08%. Whitecap Resources’s dividend payout ratio is presently 47.33%.

About Whitecap Resources

(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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