Mega Uranium (TSE:MGA) Hits New 52-Week High – Here’s Why

Mega Uranium Ltd. (TSE:MGAGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.73 and last traded at C$0.69, with a volume of 1343289 shares trading hands. The stock had previously closed at C$0.69.

Mega Uranium Price Performance

The company has a 50-day moving average of C$0.49 and a 200-day moving average of C$0.40. The company has a debt-to-equity ratio of 8.53, a quick ratio of 11.36 and a current ratio of 1.67. The stock has a market cap of C$249.26 million, a price-to-earnings ratio of -66.00 and a beta of 1.23.

About Mega Uranium

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Mega Uranium Ltd is a Canada based exploration stage mineral resources company. The company is engaged in the acquisition and exploration of uranium prospective properties. Its properties include Ben Lomond, Georgetown, and Kintyre in Australia. Geographically, it operates in Canada and Australia.

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