Megastar Development Corp. (CVE:MDV – Get Free Report)’s stock price rose 10% during trading on Wednesday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 3,500 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 43,494 shares. The stock had previously closed at C$0.10.
Megastar Development Price Performance
The stock has a market cap of C$6.61 million and a price-to-earnings ratio of -15.71. The stock’s 50-day moving average is C$0.11 and its 200 day moving average is C$0.11.
About Megastar Development
Megastar Development Corp., an exploration stage company, acquires, explores for, and develops base and gold mineral properties in Canada and Mexico. It owns a 100% interest in the Ralleau copper-zinc property that comprises 59 mineral claims covering an area of approximately 3,324 hectares located in Quevillon, Quebec.
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