Geomega Resources Inc. (CVE:GMA – Get Free Report)’s stock price shot up 6.3% during mid-day trading on Tuesday . The company traded as high as C$0.34 and last traded at C$0.34. 212,132 shares traded hands during trading, an increase of 37% from the average session volume of 154,541 shares. The stock had previously closed at C$0.32.
Geomega Resources Stock Performance
The company has a market cap of C$44.63 million, a PE ratio of -16.67 and a beta of 3.31. The company has a current ratio of 2.17, a quick ratio of 6.08 and a debt-to-equity ratio of 62.12. The business has a fifty day moving average of C$0.33 and a 200-day moving average of C$0.24.
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.
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