Geomega Resources Inc. (CVE:GMA – Get Free Report) fell 6.7% during mid-day trading on Thursday . The company traded as low as C$0.27 and last traded at C$0.28. 107,012 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 152,229 shares. The stock had previously closed at C$0.30.
Geomega Resources Trading Down 6.7%
The stock’s 50 day moving average price is C$0.28 and its 200-day moving average price is C$0.32. The company has a quick ratio of 6.08, a current ratio of 2.17 and a debt-to-equity ratio of 62.12. The stock has a market capitalization of C$46.28 million, a PE ratio of -93.33 and a beta of 3.51.
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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.
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