Geomega Resources (CVE:GMA) Stock Price Up 5% – Here’s Why

Geomega Resources Inc. (CVE:GMA)’s stock price was up 5% during mid-day trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 79,500 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 80,444 shares. The stock had previously closed at C$0.10.

Geomega Resources Stock Up 5.0 %

The company has a market cap of C$15.06 million, a P/E ratio of -10.50 and a beta of 1.88. The company has a quick ratio of 6.08, a current ratio of 2.17 and a debt-to-equity ratio of 62.12. The business’s 50 day moving average is C$0.09 and its 200 day moving average is C$0.10.

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.