Geomega Resources Inc. (CVE:GMA – Get Free Report) shares rose 23.5% on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 329,284 shares were traded during 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 company’s 50-day simple moving average is C$0.09 and its 200 day simple moving average is C$0.09. The company has a market capitalization of C$15.06 million, a P/E ratio of -10.50 and a beta of 1.88. 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.
Recommended Stories
- Five stocks we like better than Geomega Resources
- Stock Splits, Do They Really Impact Investors?
- Advanced Micro Devices Can Double in Price: Here’s Why
- How to Calculate Return on Investment (ROI)
- How Disney’s Experiences Segment Can Restore the House of Mouse
- What is the Euro STOXX 50 Index?
- Healthy Energy Drinks? Celsius Holdings Building Out the Space
Receive News & Ratings for Geomega Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geomega Resources and related companies with MarketBeat.com's FREE daily email newsletter.
