Geomega Resources (CVE:GMA) Trading Down 1.9% – Here’s Why

Geomega Resources Inc. (CVE:GMAGet Free Report)’s stock price traded down 1.9% on Thursday . The stock traded as low as C$0.27 and last traded at C$0.27. Approximately 800 shares traded hands during trading, a decline of 99% from the average session volume of 136,638 shares. The stock had previously closed at C$0.27.

Geomega Resources Stock Performance

The firm’s fifty day moving average price is C$0.27 and its 200-day moving average price is C$0.31. 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$43.80 million, a price-to-earnings ratio of -88.33 and a beta of 3.45.

About Geomega Resources

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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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.

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