Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.11, with a volume of 139083 shares trading hands. The stock had previously closed at C$0.11.
Geomega Resources Stock Performance
The company has a 50 day moving average price of C$0.11 and a 200 day moving average price of C$0.15. The firm has a market cap of C$15.77 million, a price-to-earnings ratio of -10.50 and a beta of 1.86. The company has a debt-to-equity ratio of 54.01, a quick ratio of 6.08 and a current ratio of 2.85.
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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