Close

Welcome back to Stockhouse
Member Sign In

Email or Username:
Password:
Close

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Geomega Resources (V.GMA) up 42% on CIBC block trade

Stockhouse Editorial
2 Comments| August 27, 2014


Shares of Geomega Resources Inc. (TSX: V.GMA, Stock Forum) jumped 42% Wednesday, a move that sparked plenty of chatter on Stockhouse bullboards.

In the absence of news, the consensus was that the stock was driven higher after CIBC World Markets traded a block of 60,000 shares at between 32.5 cents and 34 cents late in the session.

Geomega is a name that has frequently been featured by Stockhouse TickerTrax columnist Danny Deadlock.  As noted by Danny, GeoMega is working to prove up the commercial viability of new technology for the separation of rare earths, a process that is currently dominated by China.

In addition to the technology, GeoMega is developing its 100%-owned Montviel Rare Earths elements/Niobium project in northern Quebec. The project covers 12,000 hectares and is accessible via a network of logging roads.

Trading at 34 cents, GeoMega has a market cap of $17.1 million, based on 50.4 million shares outstanding. The 52-week range is $1.06 and 7.5 cents.


Rate this article
0 stars
v
Usefulness

Clarity

Credibility

Interested in these industries and sectors?

Receive investor kits and email updates from Stockhouse and directly from these companies.

"Industrial Metals & Minerals"
"Metals & Mining"

I consent to receiving investment related electronic messages from Stockhouse and the companies selected.
I may withdraw my consent at any time.

Comments

outonthetiles
I say $10.00 in two years. Any takers? Sea change coming to the REE industry and this small cap junior will be leading the way. Do yourself a big favour and do a bit of DD on this hidden gem. Start by reading Danny's article on it........Cheers,T
4 stars
August 27, 2014
Rate this comment
3 stars
v
Usefulness

Clarity

Credibility

Franklin66
Did you honestly just say, "scooped up a block of 60,000 shares"? What's that, $20,000? Congratulations on saying the stupidest thing on the internet today. Seriously laughed out loud...
3 stars
August 27, 2014
Rate this comment
5 stars
v
Usefulness

Clarity

Credibility

Leave a Message

You must be logged in to access this feature.