Energean (OTCMKTS:EERGF) Shares Down 8.2% – Here’s Why

Energean plc (OTCMKTS:EERGFGet Free Report) shares were down 8.2% during trading on Monday . The company traded as low as $10.70 and last traded at $10.70. Approximately 10,302 shares traded hands during trading, an increase of 778% from the average daily volume of 1,173 shares. The stock had previously closed at $11.65.

Energean Trading Up 0.1 %

The firm’s 50-day simple moving average is $12.44 and its 200 day simple moving average is $12.79.

Energean Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 10.91%.

Energean Company Profile

(Get Free Report)

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license.

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