MEG Energy Corp. (TSE:MEG – Get Free Report) passed above its fifty day moving average during trading on Friday. 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 changing hands.
MEG Energy Price Performance
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 stock has a market capitalization of C$7.86 billion, a P/E ratio of 14.64, a PEG ratio of 0.17 and a beta of 0.45. The firm’s 50-day simple moving average is C$30.89 and its 200 day simple moving average is 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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