Insider Buying: Geomega Resources Inc. (CVE:GMA) Director Buys 110,300 Shares of Stock

Geomega Resources Inc. (CVE:GMA) Director Kiril Mugerman bought 110,300 shares of Geomega Resources stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average price of C$0.10 per share, with a total value of C$10,699.10.

Geomega Resources Trading Up 5.6 %

CVE:GMA opened at C$0.10 on Friday. The company has a debt-to-equity ratio of 62.12, a current ratio of 2.17 and a quick ratio of 6.08. Geomega Resources Inc. has a 1 year low of C$0.07 and a 1 year high of C$0.15. The company has a market cap of C$13.62 million, a P/E ratio of -9.50 and a beta of 1.88. The stock’s fifty day moving average price is C$0.09 and its two-hundred day moving average price is C$0.09.

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.