Geomega Resources (CVE:GMA) Trading 45.5% Higher – What’s Next?

Geomega Resources Inc. (CVE:GMA)’s stock price traded up 45.5% on Thursday . The company traded as high as C$0.17 and last traded at C$0.16. 1,006,071 shares traded hands during mid-day trading, an increase of 1,197% from the average session volume of 77,591 shares. The stock had previously closed at C$0.11.

Geomega Resources Trading Up 45.5 %

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 company has a market capitalization of C$22.94 million, a price-to-earnings ratio of -16.00 and a beta of 1.88. The business’s 50 day moving average price is C$0.09 and its two-hundred day moving average price is C$0.09.

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.