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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

Mega Uranium Ltd. (TSE:MGA - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.28 and traded as high as C$0.28. Mega Uranium shares last traded at C$0.28, with a volume of 160,731 shares trading hands.

Mega Uranium Stock Performance

The company has a quick ratio of 11.36, a current ratio of 1.67 and a debt-to-equity ratio of 8.53. The company has a fifty day moving average price of C$0.28 and a 200 day moving average price of C$0.29. The stock has a market cap of C$105.88 million, a PE ratio of -17.13 and a beta of 1.46.

About Mega Uranium

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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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