Mega Uranium (TSE:MGA) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Mega Uranium Ltd. (TSE:MGAGet Free Report) crossed 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 changing hands.

Mega Uranium Price Performance

The firm has a market cap of C$265.88 million, a P/E ratio of 70.00 and a beta of 1.26. The company has a debt-to-equity ratio of 8.53, a current ratio of 1.67 and a quick ratio of 11.36. The firm’s 50 day moving average is C$0.58 and its 200 day moving average is C$0.44.

Mega Uranium Company Profile

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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

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