Geomega Resources Inc. (CVE:GMA – Get Free Report) traded down 3.4% during mid-day trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.14. 75,612 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 82,539 shares. The stock had previously closed at C$0.15.
Geomega Resources Trading Down 3.4%
The business has a 50-day moving average of C$0.13 and a 200-day moving average of C$0.10. The stock has a market capitalization of C$20.08 million, a price-to-earnings ratio of -14.00 and a beta of 1.88. The company has a debt-to-equity ratio of 62.12, a quick ratio of 6.08 and a current ratio of 2.17.
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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