Mega Uranium (TSE:MGA) Reaches New 1-Year High – What’s Next?

Mega Uranium Ltd. (TSE:MGAGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.65 and last traded at C$0.64, with a volume of 1697789 shares changing hands. The stock had previously closed at C$0.60.

Mega Uranium Price Performance

The firm has a market cap of C$241.70 million, a price-to-earnings ratio of -64.00 and a beta of 1.23. The company’s fifty day moving average is C$0.45 and its 200 day moving average is C$0.38. The company has a quick ratio of 11.36, a current ratio of 1.67 and a debt-to-equity ratio of 8.53.

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.

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