Mega Uranium (TSE:MGA) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Mega Uranium Ltd. (TSE:MGAGet Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.40 and traded as high as C$0.41. Mega Uranium shares last traded at C$0.40, with a volume of 1,269,599 shares trading hands.

Mega Uranium Stock Performance

The company has a quick ratio of 11.36, a current ratio of 1.67 and a debt-to-equity ratio of 8.53. The company has a market cap of C$150.55 million, a PE ratio of -10.00 and a beta of 1.50. The stock’s 50 day simple moving average is C$0.40 and its two-hundred day simple moving average is C$0.33.

Insider Activity

In other Mega Uranium news, Director Larry Goldberg sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of C$0.35, for a total value of C$34,500.00. Following the completion of the sale, the director owned 100,000 shares of the company’s stock, valued at C$34,500. This trade represents a 50.00% decrease in their ownership of the stock. Company insiders own 3.22% of the company’s stock.

About Mega Uranium

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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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