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

Key Points

• Mega Uranium (TSE:MGA) crossed below its fifty-day moving average, trading as low as C$0.61 versus a 50‑day MA of C$0.64 and last trading at C$0.64 on volume of 1,115,226 shares.
• The stock's 200‑day moving average is C$0.48; the company has a market cap of C$243.09 million, a P/E of 64.00, beta of 0.39, current ratio 1.28, quick ratio 11.36 and debt‑to‑equity of 8.32.
• Mega Uranium is an exploration‑stage uranium company operating in Canada and Australia with key properties including Ben Lomond, Georgetown and Kintyre.

Mega Uranium Ltd. (TSE:MGA - )'s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.64 and traded as low as C$0.61. Mega Uranium shares last traded at C$0.64, with a volume of 1,115,226 shares changing hands.

Mega Uranium Trading Up 3.2%

The firm's 50-day simple moving average is C$0.64 and its 200 day simple moving average is C$0.48. The stock has a market cap of C$243.09 million, a P/E ratio of 64.00 and a beta of 0.39. The company has a current ratio of 1.28, a quick ratio of 11.36 and a debt-to-equity ratio of 8.32.

About Mega Uranium

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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