Shares of Geomega Resources Inc. (CVE:GMA – Get Free Report) traded up 2.1% on Wednesday. The company traded as high as C$0.26 and last traded at C$0.24. Approximately 189,277 shares were traded during mid-day trading, an increase of 51% from the average session volume of 125,057 shares. The stock had previously closed at C$0.24.
Geomega Resources Stock Performance
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 company has a market capitalization of C$40.95 million, a price-to-earnings ratio of 81.67 and a beta of 3.41. The stock’s fifty day simple moving average is C$0.25 and its 200-day simple moving average is C$0.27.
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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.
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