Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price rose 5.9% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.09. Approximately 27,800 shares traded hands during trading, a decline of 54% from the average daily volume of 60,328 shares. The stock had previously closed at C$0.09.
Geomega Resources Trading Up 11.1 %
The stock has a 50 day moving average of C$0.11 and a 200-day moving average of C$0.14. The company has a market capitalization of C$14.34 million, a P/E ratio of -9.00 and a beta of 1.86. The company has a current ratio of 2.85, a quick ratio of 6.08 and a debt-to-equity ratio of 54.01.
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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