Geomega Resources Inc. (CVE:GMA – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$0.16 and last traded at C$0.15, with a volume of 688017 shares traded. The stock had previously closed at C$0.11.
Geomega Resources Price Performance
The company has a 50-day moving average of C$0.09 and a 200-day moving average of C$0.09. 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 firm has a market capitalization of C$22.94 million, a price-to-earnings ratio of -16.00 and a beta of 1.88.
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.
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