Mega Uranium (TSE:MGA) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Mega Uranium Ltd. (TSE:MGAGet Free Report)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.32 and traded as low as C$0.29. Mega Uranium shares last traded at C$0.30, with a volume of 791,414 shares changing hands.

Mega Uranium Trading Down 4.8 %

The company’s 50-day moving average is C$0.35 and its 200-day moving average is C$0.32. The company has a debt-to-equity ratio of 8.28, a quick ratio of 11.36 and a current ratio of 1.79. The firm has a market cap of C$109.43 million, a price-to-earnings ratio of 29.50 and a beta of 1.46.

About Mega Uranium

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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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