Geomega Resources Inc. (CVE:GMA – Get Free Report) was down 4.3% during mid-day trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 43,368 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 64,596 shares. The stock had previously closed at C$0.12.
Geomega Resources Stock Performance
The business’s fifty day simple moving average is C$0.11 and its 200-day simple moving average is C$0.16. The company has a market capitalization of C$15.77 million, a P/E ratio of -11.00 and a beta of 1.86. The company has a debt-to-equity ratio of 54.01, a quick ratio of 6.08 and a current ratio of 2.85.
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.
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