Shares of Geomega Resources Inc. (CVE:GMA – Get Free Report) traded up 7.8% during mid-day trading on Tuesday . The company traded as high as C$0.35 and last traded at C$0.35. 432,929 shares traded hands during trading, an increase of 177% from the average session volume of 156,148 shares. The stock had previously closed at C$0.32.
Geomega Resources Price Performance
The firm has a market cap of C$49.09 million, a price-to-earnings ratio of -18.33 and a beta of 3.13. 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 business has a 50 day simple moving average of C$0.33 and a 200-day simple moving average of C$0.23.
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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