Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price shot up 45.5% during trading on Thursday . The stock traded as high as C$0.17 and last traded at C$0.16. 1,006,071 shares traded hands during mid-day 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 Performance
The company has a market cap of C$22.94 million, a P/E ratio of -16.00 and a beta of 1.88. The stock has a 50 day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09. The company has a quick ratio of 6.08, a current ratio of 2.17 and a debt-to-equity ratio of 62.12.
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.
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