Geomega Resources (CVE:GMA) Sets New 52-Week Low – Time to Sell?

Geomega Resources Inc. (CVE:GMA – Get Free Report)’s share price reached a new 52-week low during trading on Monday. The company traded as low as C$0.20 and last traded at C$0.21, with a volume of 241,982 shares. The stock had previously closed at C$0.22.

Geomega Resources Stock Performance

The firm’s 50 day simple moving average is C$0.24 and its 200-day simple moving average is C$0.28. 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 company has a market capitalization of C$35.10 million, a price-to-earnings ratio of 105.00 and a beta of 3.41.

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. The company was incorporated in 2008 and is headquartered in Boucherville, Canada.

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