Geomega Resources (CVE:GMA) Stock Price Up 23.5% – What’s Next?

Geomega Resources Inc. (CVE:GMA) shares were up 23.5% on Tuesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 329,284 shares were traded during trading, an increase of 480% from the average daily volume of 56,766 shares. The stock had previously closed at C$0.09.

Geomega Resources Price Performance

The firm has a market cap of C$13.62 million, a P/E ratio of -9.50 and a beta of 1.88. 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 business’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.09.

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.