Geomega Resources Inc. (CVE:GMA – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 139083 shares changing hands. The stock had previously closed at C$0.11.
Geomega Resources Price Performance
The business’s 50 day moving average price is C$0.11 and its 200-day moving average price is C$0.15. The company has a debt-to-equity ratio of 54.01, a current ratio of 2.85 and a quick ratio of 6.08. The company has a market cap of C$15.77 million, a P/E ratio of -10.50 and a beta of 1.86.
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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