Mega Uranium (TSE:MGA) Stock Passes Above 50-Day Moving Average - Here's What Happened

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.

Mega Uranium Ltd. (TSE:MGA - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-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 traded.

Mega Uranium Price Performance

The firm has a market cap of C$110.61 million, a PE ratio of -17.90 and a beta of 1.46. The company has a 50 day moving average price of C$0.28 and a 200 day moving average price of C$0.28. The company has a current ratio of 1.67, a quick ratio of 11.36 and a debt-to-equity ratio of 8.53.

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.