Shares of MEG Energy Corp. (TSE:MEG – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$30.89 and traded as high as C$31.03. MEG Energy shares last traded at C$30.89, with a volume of 6,350,674 shares.
MEG Energy Price Performance
The company has a debt-to-equity ratio of 22.34, a current ratio of 1.73 and a quick ratio of 1.17. The company has a market capitalization of C$7.86 billion, a PE ratio of 14.64, a PEG ratio of 0.17 and a beta of 0.45. The firm has a 50-day moving average of C$30.89 and a 200 day moving average of C$30.89.
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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