Geomega Resources Inc. (CVE:GMA) Director Kiril Mugerman Purchases 110,300 Shares

Geomega Resources Inc. (CVE:GMA) Director Kiril Mugerman purchased 110,300 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of C$0.10 per share, for a total transaction of C$10,699.10.

Geomega Resources Stock Performance

Shares of CVE GMA opened at C$0.10 on Friday. The company has a debt-to-equity ratio of 62.12, a current ratio of 2.17 and a quick ratio of 6.08. Geomega Resources Inc. has a one year low of C$0.07 and a one year high of C$0.15. The business’s 50-day moving average price is C$0.09 and its two-hundred day moving average price is C$0.09. The company has a market capitalization of C$13.62 million, a P/E ratio of -9.50 and a beta of 1.88.

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.