MEG Energy Corp. (MEG:CA) Rises 5.18% for October 11

Equities Staff  |

October 11 was a positive day for MEG Energy Corp. (MEG:CA) as its stock finished the day having gained 5.18% to hit a price of $5.28 a share. The company reached a market cap of 1.58 billion and has 299.22 million shares outstanding. MEG Energy Corp. is a component of the the S&P/TSX SmallCap Index.

2.22 million shares changed hands over the course of the day as compared to an average volume of n/a over the last 30 days for MEG Energy Corp..

MEG Energy is engaged in in situ oil sands development and production in Alberta, Canada. As of Jan. 30, 2019, the company reported estimated net proved and probable reserves of 2.9 billion barrels of oil equivalent. Net production averaged 88,000 barrels per day in 2018.. The company makes its home in Calgary, AB, and is currently under the leadership of CEO Derek W. Evans.

MEG Energy Corp. has hit a high of $11.00 and reached a low of $4.06 over its last year of trading. The stock’s 50-day SMA is now $n/a and 200-day SMA is $n/a. As for its price valuations, the P/E ratio is at n/a and P/B is now 0.42.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on MEG Energy Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: MEG:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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