Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price rose 17.6% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 108,000 shares traded hands during trading, an increase of 112% from the average daily volume of 50,907 shares. The stock had previously closed at C$0.09.
Geomega Resources Trading Up 5.9 %
The company has a market cap of C$12.91 million, a PE ratio of -9.00 and a beta of 1.88. The stock’s 50 day moving average is C$0.09 and its 200-day moving average is C$0.09. The company has a quick ratio of 6.08, a current ratio of 2.17 and a debt-to-equity ratio of 62.12.
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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