Shares of MEG Energy Corp. (TSE:MEG – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$30.89 and traded as low as C$30.49. MEG Energy shares last traded at C$30.89, with a volume of 6,350,674 shares trading hands.
MEG Energy Price Performance
The company has a 50 day moving average of C$30.89 and a two-hundred day moving average of C$30.89. The firm has a market cap of C$7.86 billion, a P/E ratio of 14.64, a PEG ratio of 0.17 and a beta of 0.45. The company has a quick ratio of 1.17, a current ratio of 1.73 and a debt-to-equity ratio of 22.34.
MEG Energy Company Profile
MEG Energy is engaged in in situ oil sands development and production in Alberta, Canada. As of March 2021, the company reported estimated net proved and probable reserves of 2 billion barrels of oil equivalent. Net production averaged 82,000 barrels per day in 2020.
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