Geomega Resources Q1 Loss Widens to C$0.781 Million as Revenue Falls 54.7%

Geomega Resources Inc. (GMA.V) reported a first-quarter loss of C$0.781 million, or C$0.005 per share, compared with a loss of C$0.617 million, or C$0.004 per share, a year earlier, the company said. Revenue for the period fell 54.7% to C$0.110 million from C$0.243 million last year. The results are reported on a GAAP basis.