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Geomega Resources (CVE:GMA) Hits New 52-Week High - Time to Buy?

Geomega Resources logo with Basic Materials background

Key Points

  • Geomega Resources Inc. (CVE:GMA) reached a new 52-week high at C$0.36 during trading, with a volume of 311,149 shares, demonstrating notable market interest.
  • The company has a market capitalization of C$50.19 million and a high quick ratio of 6.08, indicating strong liquidity.
  • Geomega focuses on exploring for rare earth elements and niobium, holding a 100% interest in the Montviel property, which spans approximately 5,889 hectares in Canada.
  • Five stocks we like better than Geomega Resources.

Geomega Resources Inc. (CVE:GMA - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.36 and last traded at C$0.35, with a volume of 311149 shares traded. The stock had previously closed at C$0.34.

Geomega Resources Trading Up 4.5%

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 company has a market capitalization of C$50.19 million, a price-to-earnings ratio of -19.44 and a beta of 3.18. The company has a 50-day moving average price of C$0.26 and a 200-day moving average price of C$0.18.

Geomega Resources Company Profile

(Get Free Report)

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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