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Mega Uranium (TSE:MGA) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Mega Uranium logo with Energy background

Mega Uranium Ltd. (TSE:MGA - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.27 and traded as high as C$0.27. Mega Uranium shares last traded at C$0.26, with a volume of 171,581 shares trading hands.

Mega Uranium Price Performance

The company has a debt-to-equity ratio of 8.53, a current ratio of 1.67 and a quick ratio of 11.36. The company's 50 day moving average is C$0.27 and its 200 day moving average is C$0.30. The stock has a market cap of C$111.56 million, a price-to-earnings ratio of -18.05 and a beta of 1.46.

About Mega Uranium

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Mega Uranium Ltd., a uranium mining and investment company, explores for uranium prospective properties primarily in Australia and Canada. The company holds interest in the Georgetown project located in Queensland, Australia; and Redport project located in Western Australia. The company was formerly known as Maple Minerals Corp.

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