Geomega Resources Inc. (CVE:GMA – Get Free Report) traded down 6.7% during trading on Thursday . The company traded as low as C$0.27 and last traded at C$0.28. 107,012 shares were traded during mid-day trading, a decline of 30% from the average session volume of 152,229 shares. The stock had previously closed at C$0.30.
Geomega Resources Trading Down 6.7%
The stock has a fifty day moving average of C$0.28 and a 200 day moving average of C$0.32. 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$46.28 million, a PE ratio of -93.33 and a beta of 3.51.
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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.
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