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

Mega Uranium logo with Energy background

Key Points

  • Mega Uranium's share price has crossed above its 50-day moving average of C$0.28, reaching a high of C$0.30 during recent trading, with current shares trading at C$0.29.
  • The company's market capitalization stands at C$109.67 million, with notable metrics including a P/E ratio of -17.74 and a high debt-to-equity ratio of 8.53.
  • Mega Uranium is focused on the acquisition and exploration of uranium properties, with operations primarily in Canada and Australia, including properties like Ben Lomond and Kintyre.
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Mega Uranium Ltd. (TSE:MGA - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.28 and traded as high as C$0.30. Mega Uranium shares last traded at C$0.29, with a volume of 2,150,848 shares trading hands.

Mega Uranium Stock Down 1.8%

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 stock has a market cap of C$105.88 million, a price-to-earnings ratio of -17.13 and a beta of 1.46. The firm's 50-day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.28.

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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