Megastar Development (CVE:MDV) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Megastar Development Corp. (CVE:MDVGet Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.11 and traded as high as C$0.11. Megastar Development shares last traded at C$0.11, with a volume of 3,500 shares traded.

Megastar Development Stock Performance

The company’s 50-day moving average price is C$0.11 and its 200 day moving average price is C$0.11. The stock has a market capitalization of C$6.61 million and a PE ratio of -15.71.

About Megastar Development

(Get Free Report)

Megastar Development Corp., an exploration stage company, acquires, explores for, and develops base and gold mineral properties in Canada and Mexico. It owns a 100% interest in the Ralleau copper-zinc property that comprises 59 mineral claims covering an area of approximately 3,324 hectares located in Quevillon, Quebec. The company also has an option agreement to acquire 100% interests in three properties, including the Rama de Oro, Yautepec, and Magdalena projects situated in Oaxaca, Mexico. Megastar Development Corp.

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