Shares of Geomega Resources Inc. (CVE:GMA – Get Free Report) were down 4.3% during mid-day trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 43,368 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 64,596 shares. The stock had previously closed at C$0.12.
Geomega Resources Trading Down 4.3 %
The firm has a fifty day moving average of C$0.11 and a 200 day moving average of C$0.16. The firm has a market capitalization of C$15.77 million, a PE ratio of -11.00 and a beta of 1.86. The company has a debt-to-equity ratio of 54.01, a quick ratio of 6.08 and a current ratio of 2.85.
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.
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