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

Shares of Geomega Resources Inc. (CVE:GMAGet Free Report) traded up 45.5% during mid-day trading on Wednesday . The company traded as high as C$0.17 and last traded at C$0.16. 1,006,071 shares were traded during 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 Stock 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 stock has a market cap 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 is C$0.09 and its 200 day moving average is C$0.09.

Geomega Resources Company Profile

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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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