Geomega Resources Inc. (CVE:GMA – Get Free Report) shares dropped 5.3% during trading on Friday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 49,513 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 73,147 shares. The stock had previously closed at C$0.10.
Geomega Resources Trading Down 5.3 %
The company has a current ratio of 2.17, a quick ratio of 6.08 and a debt-to-equity ratio of 62.12. The company has a 50-day simple moving average of C$0.09 and a 200 day simple moving average of C$0.10. The firm has a market cap of C$12.91 million, a PE ratio of -9.50 and a beta of 1.88.
Geomega Resources Company Profile
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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