MEG Energy Corp. (TSE:MEG – Get Free Report) traded up 0.7% during trading on Tuesday. The company traded as high as C$31.03 and last traded at C$30.89. 6,350,674 shares were traded during mid-day trading, an increase of 241% from the average daily volume of 1,863,733 shares. The stock had previously closed at C$30.67.
MEG Energy Stock Performance
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 firm has a 50-day simple moving average of C$30.89 and a two-hundred day simple moving average of C$30.89. 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.
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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