Geomega Resources (CVE:GMA) Shares Up 17.6% – Here’s What Happened

Geomega Resources Inc. (CVE:GMAGet Free Report)’s stock price traded up 17.6% during trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. 108,000 shares were traded during trading, an increase of 113% from the average session volume of 50,594 shares. The stock had previously closed at C$0.09.

Geomega Resources Trading Up 5.9 %

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 stock has a market capitalization of C$12.91 million, a P/E ratio of -9.00 and a beta of 1.88. The business’s fifty day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.09.

Geomega Resources Company Profile

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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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