MEI Makes Notable Cross Below Critical Moving Average

In trading on Friday, shares of Manitok Energy Inc. (MEI.TO"> MEI.TO) crossed below their 200 day moving average of $2.53, changing hands as low as $2.52 per share. Manitok Energy Inc. shares are currently trading off about 1.2% on the day. The chart below shows the one year performance of MEI shares, versus its 200 day moving average:

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Manitok Energy Inc. 200 Day Moving Average Chart

Looking at the chart above, MEI's low point in its 52 week range is $1.03 per share, with $3.49 as the 52 week high point — that compares with a last trade of $2.55.