Shares of Geomega Resources Inc. (CVE:GMA – Get Free Report) shot up 23.5% during trading on Wednesday . The company traded as high as C$0.11 and last traded at C$0.11. 329,284 shares changed hands during mid-day trading, an increase of 480% from the average session volume of 56,766 shares. The stock had previously closed at C$0.09.
Geomega Resources Price Performance
The company has a debt-to-equity ratio of 62.12, a quick ratio of 6.08 and a current ratio of 2.17. The firm has a market cap of C$15.06 million, a price-to-earnings ratio of -10.50 and a beta of 1.88. The company’s fifty day moving average is C$0.09 and its two-hundred day moving average is C$0.09.
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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