Free Trial

Mega Uranium (TSE:MGA) Shares Pass Above 50 Day Moving Average - What's Next?

Mega Uranium logo with Energy background

Key Points

  • Mega Uranium Ltd.'s shares crossed above their 50-day moving average during trading, reaching a high of C$0.31.
  • The company has a market cap of C$114.79 million and a debt-to-equity ratio of 8.53.
  • Mega Uranium is focused on the acquisition and exploration of uranium properties, operating primarily in Canada and Australia.
  • Five stocks to consider instead of Mega Uranium.

Shares of Mega Uranium Ltd. (TSE:MGA - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.28 and traded as high as C$0.31. Mega Uranium shares last traded at C$0.31, with a volume of 1,033,278 shares.

Mega Uranium Price Performance

The firm has a market cap of C$114.79 million, a PE ratio of -7.63 and a beta of 1.41. The stock has a 50 day simple moving average of C$0.28 and a 200-day simple moving average 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

(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.

Featured Articles

Should You Invest $1,000 in Mega Uranium Right Now?

Before you consider Mega Uranium, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mega Uranium wasn't on the list.

While Mega Uranium currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.