Mega Uranium (TSE:MGA) Trading Down 8.6% – Here’s What Happened

Mega Uranium Ltd. (TSE:MGAGet Free Report) shares fell 8.6% during mid-day trading on Friday . The company traded as low as C$0.63 and last traded at C$0.64. 450,371 shares were traded during trading, a decline of 51% from the average daily volume of 926,546 shares. The stock had previously closed at C$0.70.

Mega Uranium Stock Down 10.0%

The company has a current ratio of 1.45, a quick ratio of 11.36 and a debt-to-equity ratio of 8.23. The firm has a market cap of C$242.49 million, a PE ratio of 31.50 and a beta of 0.65. The stock has a fifty day simple moving average of C$0.57 and a two-hundred day simple moving average of C$0.62.

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. As a group, sell-side analysts expect that Mega Uranium Ltd. will post 5.1599998 EPS for the current fiscal year.

Mega Uranium Company Profile

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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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