Separately, Scotiabank increased their target price on shares of Mega Uranium to C$93.00 and gave the stock an outperform rating in a report on Friday, May 12th.
Shares of Mega Uranium (TSE MGA) traded down 5.714% during midday trading on Friday, hitting $0.165. The stock had a trading volume of 258,396 shares. The firm’s 50-day moving average is $0.18 and its 200 day moving average is $0.21. Mega Uranium has a one year low of $0.11 and a one year high of $0.32. The company’s market capitalization is $47.14 million.
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About Mega Uranium
Mega Uranium Ltd. is a mineral exploration and development company. The Company is focused on the acquisition and exploration of uranium prospective properties, with a view to develop properties. It operates through two segments: Canada and Australia. The Canadian operations are in Ontario, and Newfoundland and Labrador.
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