Geomega Resources Inc. (CVE:GMA – Get Free Report) traded up 17.6% during trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. 108,000 shares traded hands during mid-day trading, an increase of 112% from the average session volume of 50,907 shares. The stock had previously closed at C$0.09.
Geomega Resources Price Performance
The company has a 50 day moving average price of C$0.09 and a 200 day moving average price of C$0.09. The company has a market capitalization of C$12.91 million, a price-to-earnings ratio of -9.00 and a beta of 1.88. The company has a current ratio of 2.17, a quick ratio of 6.08 and a debt-to-equity ratio of 62.12.
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.
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