Geomega Resources Inc. (CVE:GMA – Get Free Report) fell 18.8% during mid-day trading on Tuesday . The stock traded as low as C$0.07 and last traded at C$0.07. 419,052 shares were traded during mid-day trading, an increase of 448% from the average session volume of 76,472 shares. The stock had previously closed at C$0.08.
Geomega Resources Trading Down 6.7 %
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 firm has a market cap of C$10.04 million, a P/E ratio of -7.50 and a beta of 1.88. The company’s 50 day simple moving average is C$0.09 and its 200-day simple moving average is C$0.10.
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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