Mega Uranium (TSE:MGA) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Mega Uranium's stock price has surpassed its 50-day moving average, currently trading at C$0.33, with a high of C$0.33 during trading.
• The company has a market capitalization of C$122.32 million and is characterized by a negative PE ratio of -8.13.
• Mega Uranium is engaged in the exploration of uranium properties, with significant operations located in Canada and Australia.

Mega Uranium Ltd. (TSE:MGA - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.28 and traded as high as C$0.33. Mega Uranium shares last traded at C$0.33, with a volume of 465,643 shares traded.

Mega Uranium Stock Performance

The company has a market cap of C$127.96 million, a PE ratio of -8.50 and a beta of 1.41. The company has a debt-to-equity ratio of 8.53, a quick ratio of 11.36 and a current ratio of 1.67. The stock's 50-day simple moving average is C$0.29 and its 200 day simple moving average is C$0.28.

Insider Buying and Selling

In other Mega Uranium news, Director Larry Goldberg sold 100,000 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of C$0.35, for a total transaction of C$34,500.00. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at approximately C$34,500. This represents a 50.00% decrease in their position. Insiders own 3.22% of the company's stock.

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.