Geomega Resources (CVE:GMA) Stock Price Up 1.9% – What’s Next?

Shares of Geomega Resources Inc. (CVE:GMA) traded up 1.9% during mid-day trading on Monday . The stock traded as high as C$0.27 and last traded at C$0.27. 24,373 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 177,540 shares. The stock had previously closed at C$0.27.

Geomega Resources Stock Performance

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 stock’s 50-day moving average is C$0.32 and its 200 day moving average is C$0.34. The firm has a market cap of C$41.84 million, a P/E ratio of -65.00 and a beta of 3.16.

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.