Mega Uranium (TSE:MGA) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Shares of 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$0.32 and traded as high as C$0.37. Mega Uranium shares last traded at C$0.37, with a volume of 1,296,421 shares traded.

Mega Uranium Trading Up 7.4 %

The stock’s 50-day moving average price is C$0.32 and its 200 day moving average price is C$0.33. The company has a debt-to-equity ratio of 8.28, a current ratio of 1.79 and a quick ratio of 11.36. The firm has a market capitalization of C$135.40 million, a PE ratio of 36.50 and a beta of 1.46.

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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