Shares of Geomega Resources Inc. (CVE:GMA – Get Free Report) dropped 1.9% during mid-day trading on Thursday . The stock traded as low as C$0.25 and last traded at C$0.26. 148,010 shares changed hands during trading, an increase of 4% from the average session volume of 142,877 shares. The stock had previously closed at C$0.26.
Geomega Resources Trading Down 1.9%
The firm has a market capitalization of C$42.15 million, a price-to-earnings ratio of -85.00 and a beta of 3.51. The business’s fifty day moving average is C$0.28 and its 200 day moving average is C$0.32. The company has a quick ratio of 6.08, a current ratio of 2.17 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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.
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