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Mega Uranium (TSE:MGA) Shares Pass Below 200 Day Moving Average - Here's Why

Mega Uranium logo with Energy background

Mega Uranium Ltd. (TSE:MGA - Get Free Report)'s stock price 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$0.31. Mega Uranium shares last traded at C$0.31, with a volume of 543,156 shares changing hands.

Mega Uranium Stock Performance

The company has a quick ratio of 11.36, a current ratio of 1.79 and a debt-to-equity ratio of 8.28. The firm has a market capitalization of C$120.56 million, a price-to-earnings ratio of 32.50 and a beta of 1.46. The business has a 50-day moving average price of C$0.34 and a 200-day moving average price of C$0.32.

About Mega Uranium

(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.

Further Reading

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