Shares of Geomega Resources Inc. (CVE:GMA – Get Free Report) rose 6.3% on Tuesday . The company traded as high as C$0.34 and last traded at C$0.34. Approximately 212,132 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 154,541 shares. The stock had previously closed at C$0.32.
Geomega Resources Stock Down 6.3%
The business has a fifty day moving average price of C$0.33 and a two-hundred day moving average price of C$0.24. The company has a debt-to-equity ratio of 62.12, a current ratio of 2.17 and a quick ratio of 6.08. The firm has a market capitalization of C$44.63 million, a price-to-earnings ratio of -16.67 and a beta of 3.31.
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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