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Mega Uranium (TSE:MGA) Shares Pass Below 200-Day Moving Average - Time to Sell?

Mega Uranium logo with Energy background

Shares of Mega Uranium Ltd. (TSE:MGA - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.32 and traded as low as C$0.29. Mega Uranium shares last traded at C$0.30, with a volume of 791,414 shares changing hands.

Mega Uranium Stock Up 3.4 %

The company's 50-day simple moving average is C$0.35 and its two-hundred day simple moving average is C$0.32. The firm has a market capitalization of C$113.14 million, a P/E ratio of 30.50 and a beta of 1.46. The company has a debt-to-equity ratio of 8.28, a current ratio of 1.79 and a quick ratio of 11.36.

Mega Uranium Company Profile

(Get Free Report)

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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