Geomega Resources Inc. (CVE:GMA – Get Free Report) shares traded up 15.8% during mid-day trading on Thursday . The stock traded as high as C$0.11 and last traded at C$0.11. 15,500 shares were traded during mid-day trading, a decline of 69% from the average session volume of 49,852 shares. The stock had previously closed at C$0.10.
Geomega Resources Stock Performance
The company’s fifty day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.09. The company has a market capitalization of C$15.06 million, a price-to-earnings ratio of -10.50 and a beta of 1.88. The company has a debt-to-equity ratio of 62.12, a quick ratio of 6.08 and a current ratio of 2.17.
Geomega Resources Company Profile
Geomega Resources Inc engages in the acquisition, evaluation, and exploration of mining properties in Canada. The company primarily explores for rare earth elements and niobium deposits. It owns a 100% interest in the Montviel property comprising 106 mining claims covering an area of approximately 5,889 hectares located 100 km north of Lebel-surQuévillon and 45 km west of the Cree First Nation of Waswanipi.
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