Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price was up 17.6% on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 108,000 shares changed hands during mid-day trading, an increase of 113% from the average daily volume of 50,594 shares. The stock had previously closed at C$0.09.
Geomega Resources Price Performance
The company has a market cap of C$12.91 million, a P/E ratio of -9.00 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. The firm’s fifty day moving average is C$0.09 and its two-hundred day moving average is C$0.09.
About Geomega Resources
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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