Shares of MEG Energy Corp. (OTCMKTS:MEGEF – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.54 and traded as high as $22.55. MEG Energy shares last traded at $22.45, with a volume of 31,521 shares trading hands.
MEG Energy Stock Up 2.1 %
The stock’s fifty day simple moving average is $22.54 and its 200 day simple moving average is $19.94.
MEG Energy Company Profile
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil, as well as lower carbon emissions.
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