Mega Uranium (TSE:MGA) Reaches New 1-Year High – Should You Buy?

Mega Uranium Ltd. (TSE:MGAGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.63 and last traded at C$0.60, with a volume of 1303734 shares changing hands. The stock had previously closed at C$0.58.

Mega Uranium Trading Up 3.4%

The company has a debt-to-equity ratio of 8.53, a current ratio of 1.67 and a quick ratio of 11.36. The company has a market cap of C$226.60 million, a PE ratio of -60.00 and a beta of 1.23. The company’s 50 day simple moving average is C$0.43 and its two-hundred day simple moving average is C$0.36.

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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