Whitecap Resources (OTCMKTS:SPGYF) Stock Crosses Below 200 Day Moving Average – What’s Next?

Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.37 and traded as low as $6.80. Whitecap Resources shares last traded at $6.81, with a volume of 42,624 shares.

Whitecap Resources Price Performance

The firm’s fifty day moving average price is $7.09 and its 200-day moving average price is $7.37.

Whitecap Resources Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.0424 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 7.36%. Whitecap Resources’s dividend payout ratio (DPR) 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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