Insider Buying: Geomega Resources Inc. (CVE:GMA) Director Purchases 110,300 Shares of Stock

Geomega Resources Inc. (CVE:GMA) Director Kiril Mugerman acquired 110,300 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average price of C$0.10 per share, with a total value of C$10,699.10.

Geomega Resources Price Performance

Shares of Geomega Resources stock opened at C$0.10 on Monday. The firm has a market cap of C$13.62 million, a P/E ratio of -9.50 and a beta of 1.88. The firm’s 50-day simple moving average is C$0.09 and its 200-day simple moving average is C$0.09. Geomega Resources Inc. has a twelve month low of C$0.07 and a twelve month high of C$0.15. The company has a debt-to-equity ratio of 62.12, a quick ratio of 6.08 and a current ratio of 2.17.

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.