Geomega Resources Inc. (CVE:GMA – Get Free Report) shares were up 5% during mid-day trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 79,500 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 80,444 shares. The stock had previously closed at C$0.10.
Geomega Resources Stock Performance
The stock’s 50 day moving average price is C$0.09 and its 200 day moving average price is C$0.10. The company has a current ratio of 2.17, a quick ratio of 6.08 and a debt-to-equity ratio of 62.12. The firm has a market cap of C$15.06 million, a PE ratio of -10.50 and a beta of 1.88.
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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