Whitecap Resources (OTCMKTS:SPGYF) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Whitecap Resources Inc. (OTCMKTS:SPGYFGet Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.79 and traded as low as $6.4892. Whitecap Resources shares last traded at $6.79, with a volume of 0 shares changing hands.

Whitecap Resources Price Performance

The stock’s 50-day moving average price is $6.79 and its two-hundred day moving average price is $6.79.

About Whitecap Resources

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Whitecap Resources Inc is an independent exploration and production company focused on the acquisition, development and production of light and medium crude oil and natural gas properties in Western Canada. The company employs modern horizontal drilling and multi?stage hydraulic fracturing techniques to optimize reservoir recovery and drive operational efficiency across its asset base.

Whitecap’s core operations are concentrated in Alberta and Saskatchewan, with key positions in the Montney, Viking and Duvernay formations.

Further Reading

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