Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price traded up 10.6% during mid-day trading on Wednesday . The company traded as high as C$0.27 and last traded at C$0.26. Approximately 444,716 shares traded hands during trading, an increase of 259% from the average daily volume of 123,814 shares. The stock had previously closed at C$0.23.
Geomega Resources Price Performance
The stock’s 50-day moving average price is C$0.25 and its 200 day moving average price is C$0.27. The firm has a market capitalization of C$41.32 million, a price-to-earnings ratio of -83.33 and a beta of 3.55. The company has a quick ratio of 6.08, a current ratio of 2.17 and a debt-to-equity ratio of 62.12.
About Geomega Resources
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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.
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