Mega Uranium (TSE:MGA) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Mega Uranium Ltd. (TSE:MGAGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.58 and traded as high as C$0.70. Mega Uranium shares last traded at C$0.70, with a volume of 1,534,905 shares trading hands.

Mega Uranium Trading Up 7.7%

The company has a debt-to-equity ratio of 8.53, a quick ratio of 11.36 and a current ratio of 1.67. The stock has a market capitalization of C$265.88 million, a P/E ratio of 70.00 and a beta of 1.26. The stock has a 50-day moving average price of C$0.58 and a two-hundred day moving average price of C$0.44.

About Mega Uranium

(Get Free Report)

Mega Uranium Ltd is a Canada based exploration stage mineral resources company. The company is engaged in the acquisition and exploration of uranium prospective properties. Its properties include Ben Lomond, Georgetown, and Kintyre in Australia. Geographically, it operates in Canada and Australia.

Further Reading

Receive News & Ratings for Mega Uranium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mega Uranium and related companies with MarketBeat.com's FREE daily email newsletter.