Mega Uranium (TSE:MGA) Shares Cross Below 200 Day Moving Average – Time to Sell?

Mega Uranium Ltd. (TSE:MGAGet Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.62 and traded as low as C$0.62. Mega Uranium shares last traded at C$0.63, with a volume of 872,838 shares trading hands.

Mega Uranium Stock Up 3.3%

The firm has a market capitalization of C$242.49 million, a price-to-earnings ratio of 31.50 and a beta of 0.65. The business has a 50 day moving average of C$0.56 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.

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