Geomega Resources (CVE:GMA) Stock Price Up 15.8% – Still a Buy?

Geomega Resources Inc. (CVE:GMA)’s stock price was up 15.8% during trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 15,500 shares were traded during trading, a decline of 69% from the average daily volume of 49,852 shares. The stock had previously closed at C$0.10.

Geomega Resources Stock Up 15.8 %

The firm has a market capitalization of C$15.77 million, a P/E ratio of -11.00 and a beta of 1.88. 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’s 50-day moving average is C$0.09 and its 200 day moving average is C$0.09.

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.