Mega Uranium (TSE:MGA) Sets New 12-Month High – Should You Buy?

Shares of Mega Uranium Ltd. (TSE:MGAGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.50 and last traded at C$0.49, with a volume of 134618 shares trading hands. The stock had previously closed at C$0.48.

Mega Uranium Stock Up 2.1%

The company has a 50 day moving average of C$0.42 and a 200-day moving average of C$0.36. The company has a market capitalization of C$185.05 million, a P/E ratio of -49.00 and a beta of 1.44. The company has a debt-to-equity ratio of 8.53, a current ratio of 1.67 and a quick ratio of 11.36.

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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