Whitecap Resources (OTCMKTS:SPGYF) Shares Cross Below 50-Day Moving Average of $7.49

Whitecap Resources Inc. (OTCMKTS:SPGYF)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 changing hands.

Whitecap Resources Trading Down 0.4 %

The stock’s fifty day simple moving average is $7.49 and its two-hundred day simple moving average is $7.06.

Whitecap Resources Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.0442 dividend. The ex-dividend date is Monday, April 29th. This represents a dividend yield of 7.08%. Whitecap Resources’s dividend payout ratio (DPR) is presently 47.33%.

About Whitecap Resources

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.