Geomega Resources Inc. (CVE:GMA – Get Free Report) shares shot up 23.5% on Wednesday . The company traded as high as C$0.11 and last traded at C$0.11. 329,284 shares changed hands during mid-day trading, an increase of 480% from the average session volume of 56,766 shares. The stock had previously closed at C$0.09.
Geomega Resources Trading Up 23.5 %
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 stock’s fifty day moving average price is C$0.09 and its two-hundred day moving average price is C$0.09. The stock has a market capitalization of C$15.06 million, a P/E 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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