MEG Energy Corp. (TSE:MEG – Get Free Report)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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 traded.
MEG Energy Trading 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 firm’s 50 day simple moving average is C$30.89 and its two-hundred day simple moving average is C$30.89. The stock has a market cap of C$7.86 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 0.17 and a beta of 0.45.
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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