Geomega Resources (CVE:GMA) Trading 5% Higher – What’s Next?

Geomega Resources Inc. (CVE:GMA) shares shot up 5% during trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. 79,500 shares were traded during mid-day trading, a decline of 1% from the average session volume of 80,444 shares. The stock had previously closed at C$0.10.

Geomega Resources Stock Performance

The company has a market cap of C$13.62 million, a P/E ratio of -10.00 and a beta of 1.88. The business has a 50 day moving average price of C$0.09 and a two-hundred day moving average price of C$0.10. The company has a debt-to-equity ratio of 62.12, a quick ratio of 6.08 and a current ratio of 2.17.

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.