MEG Energy Corp. (TSE:MEG – Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty 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 Trading Up 0.7%
The company has a current ratio of 1.73, a quick ratio of 1.17 and a debt-to-equity ratio of 22.34. The company has a market cap of C$7.86 billion, a PE ratio of 14.64, a P/E/G ratio of 0.17 and a beta of 0.45. The company has a fifty day simple moving average of C$30.89 and a two-hundred day simple moving average of C$30.89.
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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