MEG Energy (TSE:MEG) Stock Crosses Above 50 Day Moving Average – Should You Sell?

MEG Energy Corp. (TSE:MEG – Get Free Report) shares passed above its 50-day moving average during trading on Thursday. The stock has a 50-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 trading hands.

MEG Energy Stock 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 firm has a market cap of C$7.86 billion, a PE ratio of 14.64, a PEG ratio of 0.17 and a beta of 0.45. The stock’s 50 day simple moving average is C$30.89 and its 200 day simple moving average is C$30.89.

About MEG Energy

(Get Free Report)

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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