Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price reached a new 52-week low on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 80848 shares. The stock had previously closed at C$0.12.
Geomega Resources Stock Performance
The business’s fifty day moving average price is C$0.16 and its two-hundred day moving average price is C$0.17. The company has a debt-to-equity ratio of 56.43, a quick ratio of 6.08 and a current ratio of 3.86. The stock has a market capitalization of C$16.44 million, a P/E ratio of -12.00 and a beta of 1.95.
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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