Geomega Resources (CVE:GMA) Trading Down 5.3% – Time to Sell?

Geomega Resources Inc. (CVE:GMAGet Free Report) shares traded down 5.3% on Friday . The stock traded as low as C$0.09 and last traded at C$0.09. 49,513 shares were traded during trading, a decline of 32% from the average session volume of 73,147 shares. The stock had previously closed at C$0.10.

Geomega Resources Stock Performance

The stock has a market cap of C$11.47 million, a PE ratio of -8.00 and a beta of 1.88. The stock has a fifty day moving average of C$0.09 and a 200-day moving average of C$0.10. 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

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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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