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Mega Uranium (TSE:MGA) Share Price Passes Above 50-Day Moving Average - Here's Why

Mega Uranium logo with Energy background

Key Points

  • Mega Uranium Ltd. (TSE:MGA) shares have crossed above their 50-day moving average of C$0.28, trading as high as C$0.29 recently.
  • The company has a market cap of C$105.88 million and sports a negative price-to-earnings ratio of -17.13, indicating current losses.
  • Mega Uranium is engaged in the exploration of uranium prospective properties in Australia and Canada, with key properties including Ben Lomond and Kintyre.
  • Need Better Tools to Track Mega Uranium? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Mega Uranium Ltd. (TSE:MGA - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.28 and traded as high as C$0.29. Mega Uranium shares last traded at C$0.28, with a volume of 355,320 shares traded.

Mega Uranium Stock Performance

The firm has a market capitalization of C$102.10 million, a price-to-earnings ratio of -16.52 and a beta of 1.46. The business's fifty day moving average is C$0.29 and its 200 day moving average is C$0.28. The company has a quick ratio of 11.36, a current ratio of 1.67 and a debt-to-equity ratio of 8.53.

About Mega Uranium

(Get Free Report)

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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