Mega Uranium Ltd (TSE:MGA)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.09 and traded as high as $0.10. Mega Uranium shares last traded at $0.10, with a volume of 6,100 shares.
Separately, CSFB restated a “neutral” rating and issued a C$55.00 price target on shares of Mega Uranium in a research report on Thursday, June 27th.
The firm has a market capitalization of $32.64 million and a P/E ratio of -50.00. The company has a 50-day moving average price of C$0.09 and a 200-day moving average price of C$0.10.
Mega Uranium Ltd. engages in the mineral exploration and development of uranium properties primarily in Australia and Canada. Its principal properties include the Ben Lomond and Georgetown (Maureen) projects located in Queensland; and the Redport gold properties in Western Australia. The company was formerly known as Maple Minerals Corp.
Further Reading: Overbought
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