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Mega Uranium (TSE:MGA) Shares Down 1.6% - Here's Why

Mega Uranium logo with Energy background
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Mega Uranium Ltd. (TSE:MGA - Get Free Report) was down 1.6% during mid-day trading on Friday . The stock traded as low as C$0.30 and last traded at C$0.30. Approximately 199,151 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 450,816 shares. The stock had previously closed at C$0.31.

Mega Uranium Stock Performance

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 company has a market cap of C$111.56 million, a price-to-earnings ratio of -18.05 and a beta of 1.46. The firm's 50-day moving average price is C$0.30 and its 200 day moving average price is C$0.32.

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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