Geomega Resources Inc. (CVE:GMA – Get Free Report) 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 changed hands 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 Stock Performance
The firm has a 50 day moving average of C$0.09 and a two-hundred day moving average of C$0.09. The company has a debt-to-equity ratio of 62.12, a current ratio of 2.17 and a quick ratio of 6.08. The stock has a market cap of C$13.62 million, a PE ratio of -9.50 and a beta of 1.88.
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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