Shares of Geomega Resources Inc. (CVE:GMA – Get Free Report) fell 1.9% on Thursday . The company traded as low as C$0.25 and last traded at C$0.26. Approximately 148,010 shares traded hands during trading, an increase of 4% from the average session volume of 142,877 shares. The stock had previously closed at C$0.26.
Geomega Resources Stock Performance
The firm has a fifty day moving average of C$0.28 and a 200-day moving average of C$0.31. The firm has a market cap of C$43.80 million, a P/E ratio of -88.33 and a beta of 3.51. 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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