MEG Energy Corp. (TSE:MEG – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$30.86 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 Trading Up 0.7%
The business’s 50-day moving average price is C$30.89 and its two-hundred day moving average price is C$30.87. The firm has a market cap of C$7.86 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth 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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