MEG Energy Corp. (TSE:MEG – Get Free Report)’s share price crossed above its 50-day moving average during trading on Wednesday . 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.
MEG Energy Stock Performance
The company has a debt-to-equity ratio of 22.34, a current ratio of 1.73 and a quick ratio of 1.17. The stock’s 50-day moving average is C$30.89 and its 200 day moving average is C$30.89. The stock 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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