Shares of MEG Energy Corp. (TSE:MEG – Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 changing hands.
MEG Energy Stock Performance
The stock has a 50-day moving average price of C$30.89 and a 200 day moving average price of C$30.14. 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 has a market capitalization 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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