Megastar Development Corp. (CVE:MDV – Get Free Report) rose 10% on Thursday . 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 Stock Performance
The business has a 50-day simple moving average of C$0.11 and a 200 day simple moving average of C$0.11. The firm has a market cap of C$6.61 million and a P/E ratio of -15.71.
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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