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

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

Geomega Resources Stock Up 5.6 %

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

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.