MEG Energy Corp. (TSE:MEG – Get Free Report)’s share price passed below its fifty day moving average during trading on Thursday . 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 Up 0.7%
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. The stock has a 50 day moving average of C$30.89 and a 200 day moving average of C$30.89. The company has a quick ratio of 1.17, a current ratio of 1.73 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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