Mega Uranium (TSE:MGA) Stock Passes Below 200 Day Moving Average – Time to Sell?

Mega Uranium Ltd. (TSE:MGAGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.32 and traded as low as C$0.27. Mega Uranium shares last traded at C$0.28, with a volume of 308,994 shares.

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 firm has a 50 day moving average of C$0.30 and a two-hundred day moving average of C$0.32. The stock has a market cap of C$115.34 million, a P/E ratio of -18.66 and a beta of 1.46.

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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