Mega Uranium (TSE:MGA) Stock Price Up 11.3% – Time to Buy?

Shares of Mega Uranium Ltd. (TSE:MGA) rose 11.3% during mid-day trading on Friday . The stock traded as high as C$0.45 and last traded at C$0.45. Approximately 1,675,341 shares were traded during trading, an increase of 160% from the average daily volume of 645,467 shares. The stock had previously closed at C$0.40.

Mega Uranium Stock Performance

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 capitalization of C$171.25 million, a P/E ratio of -11.38 and a beta of 1.44. The business has a 50-day moving average price of C$0.40 and a 200 day moving average price of C$0.33.

Insider Buying and Selling

In related news, Director Larry Goldberg sold 100,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of C$0.35, for a total value of C$34,500.00. Following the transaction, the director owned 100,000 shares in the company, valued at C$34,500. The trade was a 50.00% decrease in their position. Company insiders own 3.22% of the company’s stock.

Mega Uranium Company Profile

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.