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$30.64 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 Trading Up 0.7%
The firm has a market capitalization 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 firm has a 50 day simple moving average of C$30.89 and a 200 day simple moving average of C$30.64. The company has a current ratio of 1.73, a quick ratio of 1.17 and a debt-to-equity ratio of 22.34.
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.
Further Reading
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