Shares of Geomega Resources Inc. (CVE:GMA – Get Free Report) rose 45.5% during trading on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 1,006,071 shares traded hands during trading, an increase of 1,197% from the average daily volume of 77,591 shares. The stock had previously closed at C$0.11.
Geomega Resources Trading Up 45.5 %
The firm has a 50 day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09. The firm has a market capitalization of C$22.94 million, a P/E ratio of -16.00 and a beta of 1.88. The company has a debt-to-equity ratio of 62.12, a quick ratio of 6.08 and a current ratio of 2.17.
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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