Shares of MEG Energy Corp. (TSE:MEG – Get Free Report) shot up 0.7% during trading on Tuesday. The stock traded as high as C$31.03 and last traded at C$30.89. Approximately 6,350,674 shares were traded during mid-day trading, an increase of 241% from the average session volume of 1,863,733 shares. The stock had previously closed at C$30.67.
MEG Energy Trading Up 0.7%
The stock’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 capitalization of C$7.86 billion, a PE ratio of 14.64, a PEG ratio of 0.17 and a beta of 0.45. The company has a debt-to-equity ratio of 22.34, a current ratio of 1.73 and a quick ratio of 1.17.
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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