MEG Energy (TSE:MEG) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?
by Amy Steele · The Cerbat GemShares of MEG Energy Corp. (TSE:MEG – Get Free Report) crossed below its 200-day moving average during trading on Thursday . 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 traded.
MEG Energy Price Performance
The stock has a market capitalization 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 quick ratio of 1.17, a current ratio of 1.73 and a debt-to-equity ratio of 22.34. The stock’s 50-day moving average is C$30.89 and its 200 day moving average is 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.