Geomega Resources Inc. (CVE:GMA – Get Free Report) shares shot up 15.8% during mid-day trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. 15,500 shares were traded during mid-day trading, a decline of 69% from the average session volume of 49,852 shares. The stock had previously closed at C$0.10.
Geomega Resources Price Performance
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 capitalization of C$15.06 million, a PE ratio of -10.50 and a beta of 1.88. The firm’s 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.09.
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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