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

Mega Uranium Ltd. (TSE:MGAGet Free Report)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.27 and traded as high as C$0.30. Mega Uranium shares last traded at C$0.30, with a volume of 188,502 shares.

Mega Uranium Price Performance

The company has a current ratio of 1.67, a quick ratio of 11.36 and a debt-to-equity ratio of 8.53. The company’s 50 day moving average is C$0.27 and its 200-day moving average is C$0.30. The stock has a market cap of C$113.45 million, a PE ratio of -18.35 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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