Geomega Resources (CVE:GMA) Stock Price Up 17.6% – Here’s Why

Geomega Resources Inc. (CVE:GMAGet Free Report) shares traded up 17.6% on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. 108,000 shares traded hands during mid-day trading, an increase of 112% from the average session volume of 50,907 shares. The stock had previously closed at C$0.09.

Geomega Resources Trading Up 5.9 %

The firm has a market cap of C$12.91 million, a PE ratio of -9.00 and a beta of 1.88. The company has a quick ratio of 6.08, a current ratio of 2.17 and a debt-to-equity ratio of 62.12. The company’s 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.09.

Geomega Resources Company Profile

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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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