Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Portfolio Update 24 February 2008 | Main | Khan Resources Incorporated: Up 25% in a Day! »

Mega Uranium Limited: Up 23.08 % today!

Mega logo 21 feb 08

Mega Uranium Limited gained $0.60 today on volume of 1.46 million shares traded to close up 23.08% at $3.20, along with a number of other uranium stocks that also made good gains.

Mega Uranium released a news statement which may account for some of the renewed interest which went as follows:

Mega Uranium Ltd is pleased to announce the commencement of a 3,600 metre drill campaign on the Maurice Point property in the western Athabasca Basin. The Maurice Point uranium property is under option by Mega from Forum Uranium Corp. (TSX-V:FDC) where Mega can earn a 55% interest in the project by spending $8 million over three years. Forum is operator.

If you wish to read the article in full then please click this link.

Apart the news release we are now of the opinion that market sentiment is beginning to turn in favour of this much denigrated sector as each day we are seeing uranium stock price increases across the board characterised by a star performance such as Mega Uranium today and Khan Resources yesterday.

A quick look at Mega's chart shows a terrific jump today on vastly increased volume. The technical indicators have turned up with a vengeance, it will be interesting to see if this stock can go on and and rally from this point.

Mega chart 21 Feb 08

Mega Uranium Limited trades on the TSX under the symbol MGA.

Keep your finger on the pulse by subscribing to our free newsletter covering investment ideas regarding uranium stocks and uranium, just click this link.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>