Geomega Resources Inc. (CVE:GMA – Get Free Report)’s stock price traded down 3.9% on Thursday . The company traded as low as C$0.24 and last traded at C$0.24. 179,018 shares changed hands during trading, an increase of 44% from the average session volume of 124,132 shares. The stock had previously closed at C$0.26.
Geomega Resources Stock Performance
The company has a market capitalization of C$40.50 million, a P/E ratio of -81.67 and a beta of 3.44. The company has a debt-to-equity ratio of 62.12, a quick ratio of 6.08 and a current ratio of 2.17. The business’s fifty day simple moving average is C$0.26 and its 200-day simple moving average is C$0.28.
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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