MEG Energy Corp (TSE:MEG) Director Buys C$59,423.23 in Stock
MEG Energy Corp (TSE:MEG) Director William Robert Klesse purchased 12,800 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of C$4.64 per share, for a total transaction of C$59,423.23. Following the completion of the acquisition, the director now directly owns 262,800 shares of the company’s stock, valued at approximately C$1,220,033.23.
MEG traded down C$0.04 during midday trading on Tuesday, hitting C$4.67. 613,888 shares of the company traded hands, compared to its average volume of 2,655,147. The company has a current ratio of 1.88, a quick ratio of 1.67 and a debt-to-equity ratio of 102.53. The company has a market capitalization of $1.41 billion and a price-to-earnings ratio of -7.22. MEG Energy Corp has a 52-week low of C$4.06 and a 52-week high of C$11.70. The business has a 50 day simple moving average of C$5.11 and a two-hundred day simple moving average of C$5.26.
MEG Energy (TSE:MEG) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$1.04 billion for the quarter. Equities research analysts anticipate that MEG Energy Corp will post 0.26 earnings per share for the current year.
About MEG Energy
MEG Energy Corp., an oil sands company, focuses on sustainable in situ development and production in the southern Athabasca oil sands region of Alberta. The company owns a 100% interest in approximately 900 square miles of oil sands leases in the southern Athabasca oil sands region of northern Alberta.
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