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

Key Points

• Mega Uranium Ltd. stock price has recently surpassed its 50-day moving average of C$0.28, reaching a high of C$0.29 during trading.
• The company's market capitalization stands at C$109.67 million, with a PE ratio of -17.74 and a debt-to-equity ratio of 8.53.
• Mega Uranium is focused on the acquisition and exploration of uranium properties in Canada and Australia, including projects like Ben Lomond and Georgetown.

Mega Uranium Ltd. (TSE:MGA - )'s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.28 and traded as high as C$0.29. Mega Uranium shares last traded at C$0.29, with a volume of 1,009,167 shares.

Mega Uranium Stock Performance

The stock has a market capitalization of C$109.67 million, a PE ratio of -17.74 and a beta of 1.46. 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 firm has a 50 day moving average price of C$0.28 and a 200-day moving average price of C$0.28.

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.

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