MEG Energy Corp. (TSE:MEG – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.
MEG Energy Stock Performance
The firm has a market cap of C$7.86 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.17 and a beta of 0.45. The firm has a fifty day moving average price of C$30.89 and a 200 day moving average price of C$30.89. The company has a current ratio of 1.73, a quick ratio of 1.17 and a debt-to-equity ratio of 22.34.
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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