Mega Uranium (TSE:MGA) Shares Down 8.6% – Time to Sell?

Shares of Mega Uranium Ltd. (TSE:MGAGet Free Report) traded down 8.6% during mid-day trading on Friday . The company traded as low as C$0.63 and last traded at C$0.64. Approximately 450,371 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 926,546 shares. The stock had previously closed at C$0.70.

Mega Uranium Stock Down 10.0%

The company has a 50 day moving average of C$0.57 and a 200-day moving average of C$0.62. The company has a debt-to-equity ratio of 8.23, a current ratio of 1.45 and a quick ratio of 11.36. The company has a market cap of C$242.49 million, a P/E ratio of 31.50 and a beta of 0.65.

Mega Uranium (TSE:MGAGet Free Report) last announced its earnings results on Friday, August 7th. The company reported C$0.01 earnings per share for the quarter. On average, equities analysts predict that Mega Uranium Ltd. will post 5.1599998 earnings per share for the current year.

About Mega Uranium

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Mega Uranium Ltd. is a Toronto-based mineral resources company with a focus on the Georgetown uranium property in Australia and a portfolio of equity investments in uranium-focused public and private companies.

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