Mega Uranium (TSE:MGA) Reaches New 12-Month High - Here's Why

Key Points

• Mega Uranium Ltd. reached a new 52-week high, trading at C$0.45, with the last trade at C$0.43 and a volume of 480,022 shares.
• Despite the recent high, the stock experienced a decline of 2.3% following the performance on Monday.
• Director Larry Goldberg sold 100,000 shares at C$0.35, significantly reducing his position by 50%.

Mega Uranium Ltd. (TSE:MGA - ) reached a new 52-week high on Monday . The stock traded as high as C$0.45 and last traded at C$0.43, with a volume of 480022 shares changing hands. The stock had previously closed at C$0.43.

Mega Uranium Stock Down 2.3%

The company has a fifty day moving average of C$0.31 and a two-hundred day moving average of C$0.29. The company has a market cap of C$158.07 million, a PE ratio of -10.50 and a beta of 1.41. The company has a debt-to-equity ratio of 8.53, a quick ratio of 11.36 and a current ratio of 1.67.

Insider Buying and Selling at Mega Uranium

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

Mega Uranium Company Profile

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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