Mega Uranium (TSE:MGA) Shares Pass Below 200 Day Moving Average – What’s Next?

Mega Uranium Ltd. (TSE:MGAGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.33 and traded as low as C$0.32. Mega Uranium shares last traded at C$0.33, with a volume of 241,631 shares.

Mega Uranium Trading Down 2.9 %

The stock has a fifty day moving average of C$0.31 and a 200 day moving average of C$0.33. 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 company has a market capitalization of C$122.42 million, a PE ratio of 33.00 and a beta of 1.46.

Mega Uranium Company Profile

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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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