Mega Uranium (TSE:MGA) Sets New 52-Week High – What’s Next?

Mega Uranium Ltd. (TSE:MGAGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$0.50 and last traded at C$0.52, with a volume of 7686929 shares trading hands. The stock had previously closed at C$0.42.

Mega Uranium Trading Up 25.3%

The company has a quick ratio of 11.36, a current ratio of 1.67 and a debt-to-equity ratio of 8.53. The company’s 50-day moving average is C$0.40 and its 200-day moving average is C$0.34. The stock has a market capitalization of C$195.71 million, a price-to-earnings ratio of -13.00 and a beta of 1.44.

About Mega Uranium

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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.

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