Geomega Resources Inc. (CVE:GMA – Get Free Report) was up 3.2% on Tuesday . The company traded as high as C$0.34 and last traded at C$0.33. Approximately 64,577 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 171,158 shares. The stock had previously closed at C$0.32.
Geomega Resources Price Performance
The firm has a market capitalization of C$52.24 million, a P/E ratio of -18.06 and a beta of 3.59. The company has a debt-to-equity ratio of 62.12, a quick ratio of 6.08 and a current ratio of 2.17. The firm has a 50-day moving average of C$0.32 and a 200-day moving average of C$0.27.
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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