Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price was up 15.8% on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 15,500 shares changed hands during trading, a decline of 69% from the average daily volume of 49,852 shares. The stock had previously closed at C$0.10.
Geomega Resources Trading Down 4.5 %
The company has a current ratio of 2.17, a quick ratio of 6.08 and a debt-to-equity ratio of 62.12. The business has a 50 day simple moving average of C$0.09 and a 200-day simple moving average of C$0.09. The stock has a market capitalization of C$15.06 million, a price-to-earnings ratio of -10.50 and a beta of 1.88.
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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