Mega Uranium (TSE:MGA) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Mega Uranium Ltd. (TSE:MGAGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Mega Uranium Stock Performance

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 cap of C$109.43 million, a price-to-earnings ratio of 29.50 and a beta of 1.46. The firm’s 50-day moving average price is C$0.35 and its 200 day moving average price is C$0.32.

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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