Shares of Geomega Resources Inc. (CVE:GMA – Get Free Report) shot up 4.3% during mid-day trading on Wednesday. The stock traded as high as C$0.24 and last traded at C$0.24. 32,180 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 121,612 shares. The stock had previously closed at C$0.23.
Geomega Resources Stock Up 4.3%
The company has a debt-to-equity ratio of 62.12, a current ratio of 2.17 and a quick ratio of 6.08. The company has a market capitalization of C$40.11 million, a PE ratio of 120.00 and a beta of 3.41. The business has a 50-day moving average of C$0.24 and a 200 day moving average of C$0.28.
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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.
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