MEG Energy Corp. (TSE:MEG – Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$30.89 and traded as high as C$31.03. MEG Energy shares last traded at C$30.89, with a volume of 6,350,674 shares changing hands.
MEG Energy Stock Up 0.7%
The company has a quick ratio of 1.17, a current ratio of 1.73 and a debt-to-equity ratio of 22.34. The company has a market cap of C$7.86 billion, a PE ratio of 14.64, a P/E/G ratio of 0.17 and a beta of 0.45. The stock has a 50-day moving average of C$30.89 and a 200-day moving average of C$30.89.
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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