Megastar Development (CVE:MDV) Shares Up 35.7%

Megastar Development Corp (CVE:MDV)’s share price shot up 35.7% during trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10, 171,000 shares traded hands during trading. An increase of 129% from the average session volume of 74,644 shares. The stock had previously closed at C$0.07.

The firm has a market capitalization of $3.75 million and a P/E ratio of -7.14. The business has a 50 day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.11.

Megastar Development (CVE:MDV) last announced its earnings results on Wednesday, October 30th. The company reported C($0.01) earnings per share for the quarter.

About Megastar Development (CVE:MDV)

Megastar Development Corp., an exploration stage company, acquires, explores for, and develops mineral properties in Canada. It owns a 100% interest in the Ralleau copper-zinc property that comprises 59 contiguous mineral claims covering an area of approximately 3,324 hectares located in Quevillon, Quebec.

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