Geomega Resources (CVE:GMA) Stock Price Up 25.6% – Time to Buy?

Geomega Resources Inc. (CVE:GMAGet Free Report) was up 25.6% during trading on Friday . The company traded as high as C$0.27 and last traded at C$0.27. Approximately 621,330 shares were traded during trading, an increase of 559% from the average daily volume of 94,245 shares. The stock had previously closed at C$0.22.

Geomega Resources Trading Up 25.6%

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 has a market cap of C$38.72 million, a price-to-earnings ratio of -27.00 and a beta of 1.88. The business’s 50-day moving average price is C$0.16 and its two-hundred day moving average price is C$0.12.

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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