GFG Resources Inc (CVE:GFG – Get Free Report)’s share price traded down 11.1% during mid-day trading on Monday . The stock traded as low as C$0.12 and last traded at C$0.12. 93,600 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 124,260 shares. The stock had previously closed at C$0.14.
GFG Resources Price Performance
The firm has a market cap of C$28.87 million, a P/E ratio of -2.40 and a beta of 2.19. The stock’s 50-day moving average is C$0.08 and its 200-day moving average is C$0.08. The company has a quick ratio of 2.98, a current ratio of 1.66 and a debt-to-equity ratio of 0.19.
GFG Resources Company Profile
GFG Resources Inc engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It holds interests in the Montclerg gold project consisting of 5 patented and 110 unpatented mining claims located near the east of Timmins; the Pen gold project covers an area of approximately 475 square kilometers located near the southwest of the prolific gold district and town of Timmins; and the Dore gold project covers an area of approximately 212 square kilometers located in Ontario.
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