Mega Uranium (TSE:MGA) Sets New 12-Month High - Here's What Happened

Key Points

• Mega Uranium reached a new 52-week high on Monday, trading as high as C$0.41, with a recent trading price of C$0.40 and a volume of 1,126,886 shares.
• The company has a market cap of C$154.31 million, a P/E ratio of -10.25, and significant insider ownership decrease, with Director Larry Goldberg selling 100,000 shares.
• Mega Uranium is focused on the exploration of uranium properties in locations such as Canada and Australia, including notable sites like Ben Lomond and Kintyre.

Mega Uranium Ltd. (TSE:MGA - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$0.41 and last traded at C$0.40, with a volume of 1126886 shares changing hands. The stock had previously closed at C$0.39.

Mega Uranium Trading Up 2.4%

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 stock's fifty day moving average price is C$0.30 and its 200 day moving average price is C$0.28. The stock has a market cap of C$158.07 million, a PE ratio of -10.50 and a beta of 1.41.

Insider Transactions at Mega Uranium

In related news, Director Larry Goldberg sold 100,000 shares of the firm's 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 sale, the director owned 100,000 shares in the company, valued at approximately C$34,500. This trade represents a 50.00% decrease in their ownership of the stock. Corporate insiders own 3.22% of the company's stock.

About Mega Uranium

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.