Shares of Megastar Development Corp. (CVE:MDV – Get Free Report) shot up 10% on Thursday . The stock traded as high as C$0.11 and last traded at C$0.11. 3,500 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 43,494 shares. The stock had previously closed at C$0.10.
Megastar Development Stock Performance
The company has a market capitalization of C$6.61 million and a PE ratio of -15.71. The stock has a 50 day moving average price of C$0.11 and a two-hundred day moving average price of 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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