Geomega Resources Inc. (CVE:GMA – Get Free Report) fell 1.9% during mid-day trading on Thursday . The company traded as low as C$0.27 and last traded at C$0.27. 800 shares traded hands during trading, a decline of 99% from the average daily volume of 136,638 shares. The stock had previously closed at C$0.27.
Geomega Resources Trading Down 1.9%
The firm has a market capitalization of C$43.80 million, a price-to-earnings ratio of -88.33 and a beta of 3.45. 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 company has a 50-day moving average price of C$0.27 and a 200-day moving average price of C$0.31.
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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