Geomega Resources Inc. (CVE:GMA – Get Free Report) shares fell 6.7% on Thursday . The company traded as low as C$0.27 and last traded at C$0.28. 107,012 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 152,229 shares. The stock had previously closed at C$0.30.
Geomega Resources Trading Down 1.8%
The firm has a market capitalization of C$44.63 million, a P/E ratio of -90.00 and a beta of 3.51. The stock’s 50-day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.32. 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 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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.
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