MEG Energy Corp. (TSE:MEG – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . 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 Stock Performance
The stock’s 50 day moving average price is C$30.89 and its 200 day moving average price is C$30.89. The company has a current ratio of 1.73, a quick ratio of 1.17 and a debt-to-equity ratio of 22.34. The company has a market cap of C$7.86 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 0.17 and a beta of 0.45.
About MEG Energy
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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