Megastar Development (CVE:MDV) Trading Down 9.1%

Shares of Megastar Development Corp (CVE:MDV) dropped 9.1% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10, approximately 12,000 shares traded hands during trading. A decline of 84% from the average daily volume of 73,978 shares. The stock had previously closed at C$0.11.

The firm has a 50 day simple moving average of C$0.09 and a 200-day simple moving average of C$0.11. The company has a market cap of $3.75 million and a price-to-earnings ratio of -7.14.

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

About Megastar Development (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.

Read More: Treasury Bonds

Receive News & Ratings for Megastar Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Megastar Development and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit