Mega Uranium (TSE:MGA) Reaches New 1-Year High - Still a Buy?

Key Points

• Mega Uranium Ltd. reached a new 52-week high, trading at C$0.44, with a market capitalization of C$158.07 million.
• The company has financial metrics including a debt-to-equity ratio of 8.53 and a negative price-to-earnings ratio of -10.50.
• Insider activity was noted, with Director Larry Goldberg selling 100,000 shares at C$0.35 each, reducing his ownership by 50%.

Mega Uranium Ltd. (TSE:MGA - )'s share price reached a new 52-week high on Monday . The company traded as high as C$0.44 and last traded at C$0.43, with a volume of 535853 shares trading hands. The stock had previously closed at C$0.42.

Mega Uranium Price Performance

The company has a debt-to-equity ratio of 8.53, a quick ratio of 11.36 and a current ratio of 1.67. The firm has a market cap of C$158.07 million, a price-to-earnings ratio of -10.50 and a beta of 1.45. The company's fifty day moving average is C$0.32 and its two-hundred day moving average is C$0.29.

Insider Activity at Mega Uranium

In other Mega Uranium news, Director Larry Goldberg sold 100,000 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was 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. The trade was a 50.00% decrease in their ownership of the stock. 3.22% of the stock is currently owned by corporate insiders.

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.

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