Mega Uranium (TSE:MGA) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Mega Uranium Ltd. (TSE:MGAGet Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.34 and traded as high as C$0.38. Mega Uranium shares last traded at C$0.37, with a volume of 808,898 shares traded.

Mega Uranium Stock Performance

The company has a market cap of C$135.40 million, a PE ratio of 36.50 and a beta of 1.46. The company has a debt-to-equity ratio of 8.28, a quick ratio of 11.36 and a current ratio of 1.79. The firm’s 50 day moving average is C$0.34 and its 200-day moving average 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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