Megastar Development (CVE:MDV) Trading 10% Higher – Still a Buy?

Megastar Development Corp. (CVE:MDVGet Free Report) shares traded up 10% during trading on Thursday . The stock traded as high as C$0.11 and last traded at C$0.11. 3,500 shares were traded during mid-day trading, a decline of 92% from the average session volume of 43,494 shares. The stock had previously closed at C$0.10.

Megastar Development Price Performance

The company has a 50-day moving average of C$0.11 and a 200 day moving average of C$0.11. The company has a market cap of C$6.61 million and a PE ratio of -15.71.

Megastar Development Company Profile

(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.

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