Mega Uranium (TSE:MGA) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Mega Uranium Ltd. (TSE:MGAGet Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.53 and traded as high as C$0.69. Mega Uranium shares last traded at C$0.61, with a volume of 1,727,112 shares.

Mega Uranium Stock Performance

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 company has a market cap of C$230.37 million, a price-to-earnings ratio of -61.00 and a beta of 1.23. The firm has a 50 day simple moving average of C$0.53 and a 200-day simple moving average of C$0.41.

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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