Mega Uranium (TSE:MGA) Share Price Passes Below 200 Day Moving Average – Here’s Why

Mega Uranium Ltd. (TSE:MGAGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.32 and traded as low as C$0.29. Mega Uranium shares last traded at C$0.30, with a volume of 397,290 shares.

Mega Uranium Trading Up 1.7 %

The firm has a fifty day moving average of C$0.33 and a two-hundred day moving average of C$0.32. The company has a market cap of C$111.56 million, a PE ratio of -18.05 and a beta of 1.46. The company has a current ratio of 1.67, a quick ratio of 11.36 and a debt-to-equity ratio of 8.53.

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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