Geomega Resources Inc. (CVE:GMA – Get Free Report) shares were down 1.8% on Thursday . The stock traded as low as C$0.27 and last traded at C$0.27. 10,500 shares changed hands during trading, a decline of 92% from the average session volume of 128,363 shares. The stock had previously closed at C$0.28.
Geomega Resources Price Performance
The stock has a market capitalization of C$43.80 million, a P/E ratio of -88.33 and a beta of 3.44. The business’s 50 day simple moving average is C$0.27 and its two-hundred day simple moving average is C$0.29. The company has a quick ratio of 6.08, a current ratio of 2.17 and a debt-to-equity ratio of 62.12.
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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