Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price was up 25.6% during mid-day trading on Saturday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 621,330 shares changed hands during mid-day trading, an increase of 559% from the average daily volume of 94,245 shares. The stock had previously closed at C$0.22.
Geomega Resources Price Performance
The company has a 50 day moving average price of C$0.16 and a 200-day moving average price of C$0.12. The company has a quick ratio of 6.08, a current ratio of 2.17 and a debt-to-equity ratio of 62.12. The company has a market cap of C$38.72 million, a price-to-earnings ratio of -27.00 and a beta of 1.88.
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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