Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price rose 23.5% on Tuesday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 329,284 shares changed hands during mid-day trading, an increase of 480% from the average daily volume of 56,766 shares. The stock had previously closed at C$0.09.
Geomega Resources Price Performance
The stock has a 50-day moving average price of C$0.09 and a two-hundred day moving average price of C$0.09. The stock has a market cap of C$13.62 million, a price-to-earnings ratio of -9.50 and a beta of 1.88. The company has a current ratio of 2.17, a quick ratio of 6.08 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.
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