Mega Uranium (TSE:MGA) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Mega Uranium Ltd. (TSE:MGAGet Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.29 and traded as high as C$0.34. Mega Uranium shares last traded at C$0.32, with a volume of 280,480 shares trading hands.

Mega Uranium Trading Down 4.5 %

The stock has a market cap of C$116.85 million, a price-to-earnings ratio of 31.50 and a beta of 1.43. The business has a 50-day simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.34. The company has a debt-to-equity ratio of 8.28, a quick ratio of 11.36 and a current ratio of 1.79.

Mega Uranium Company Profile

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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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