Shares of MEG Energy Corp. (TSE:MEG – Get Free Report) passed below its 200-day moving average during trading on Wednesday . 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 changing hands.
MEG Energy Stock Performance
The company has a market capitalization of C$7.86 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 0.17 and a beta of 0.45. The firm has a 50 day moving average price of C$30.89 and a two-hundred day moving average price of C$30.89. The company has a debt-to-equity ratio of 22.34, a quick ratio of 1.17 and a current ratio of 1.73.
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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