Geomega Resources Inc. (CVE:GMA – Get Free Report)’s stock price dropped 1.9% during mid-day trading on Thursday . The stock traded as low as C$0.27 and last traded at C$0.27. 800 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 136,638 shares. The stock had previously closed at C$0.27.
Geomega Resources Stock Down 1.9%
The company’s 50-day moving average price is C$0.27 and its 200 day moving average price is C$0.31. The company has a debt-to-equity ratio of 62.12, a quick ratio of 6.08 and a current ratio of 2.17. The stock has a market cap of C$42.98 million, a PE ratio of -86.67 and a beta of 3.45.
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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.
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