Mega Uranium (TSE:MGA) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Mega Uranium Ltd. (TSE:MGAGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.62 and traded as low as C$0.57. Mega Uranium shares last traded at C$0.57, with a volume of 549,084 shares traded.

Mega Uranium Stock Up 7.0%

The firm has a 50 day moving average of C$0.56 and a two-hundred day moving average of C$0.62. The firm has a market capitalization of C$234.18 million, a price-to-earnings ratio of 30.50 and a beta of 0.65. The company has a quick ratio of 11.36, a current ratio of 1.45 and a debt-to-equity ratio of 8.23.

Mega Uranium (TSE:MGAGet Free Report) last issued its earnings results on Friday, August 7th. The company reported C$0.01 EPS for the quarter. As a group, sell-side analysts anticipate that Mega Uranium Ltd. will post 5.1599998 EPS for the current fiscal 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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