Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price rose 4.3% during trading on Wednesday. The company traded as high as C$0.24 and last traded at C$0.24. 32,180 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 121,612 shares. The stock had previously closed at C$0.23.
Geomega Resources Stock Down 6.4%
The firm has a fifty day moving average price of C$0.24 and a 200 day moving average price of C$0.28. 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 has a market cap of C$36.77 million, a P/E ratio of 110.00 and a beta of 3.41.
Geomega Resources Company Profile
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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