MEG Energy Corp. (TSE:MEG – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Tuesday . 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 Up 0.7%
The firm’s 50-day simple moving average is C$30.89 and its 200-day simple moving average is 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. The company has a market capitalization 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.
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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