Megastar Development (CVE:MDV) Trading 35.7% Higher

Megastar Development Corp (CVE:MDV)’s stock price was up 35.7% during trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10, approximately 171,000 shares were traded during trading. An increase of 129% from the average daily volume of 74,644 shares. The stock had previously closed at C$0.07.

The company has a market cap of $3.75 million and a price-to-earnings ratio of -5.00. The stock’s fifty day moving average is C$0.09 and its two-hundred day moving average is C$0.11.

Megastar Development (CVE:MDV) last released its quarterly earnings results on Wednesday, October 30th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Megastar Development Company Profile (CVE:MDV)

Megastar Development Corp., an exploration stage company, acquires, explores for, and develops mineral properties in Canada. It owns a 100% interest in the Ralleau copper-zinc property that comprises 59 contiguous mineral claims covering an area of approximately 3,324 hectares located in Quevillon, Quebec.

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