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

Mega Uranium Ltd. (TSE:MGA)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.29 and traded as high as C$0.37. Mega Uranium shares last traded at C$0.36, with a volume of 382,241 shares trading hands.

Mega Uranium Trading Up 2.9%

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 simple moving average of C$0.29 and a two-hundred day simple moving average of C$0.28. The firm has a market capitalization of C$135.49 million, a P/E ratio of -9.00 and a beta of 1.41.

Insiders Place Their Bets

In other Mega Uranium news, Director Larry Goldberg sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of C$0.35, for a total transaction of C$34,500.00. Following the transaction, the director directly owned 100,000 shares in the company, valued at approximately C$34,500. This trade represents a 50.00% decrease in their position. Company insiders own 3.22% of the company’s stock.

Mega Uranium Company Profile

Mega Uranium Ltd is a Canada based exploration stage mineral resources company. The company is engaged in the acquisition and exploration of uranium prospective properties. Its properties include Ben Lomond, Georgetown, and Kintyre in Australia. Geographically, it operates in Canada and Australia.