GFG Resources (CVE:GFG) Reaches New 1-Year High – Here’s What Happened

GFG Resources Inc (CVE:GFG) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.22 and last traded at C$0.21, with a volume of 202800 shares trading hands. The stock had previously closed at C$0.19.

GFG Resources Trading Down 2.5 %

The company has a quick ratio of 2.98, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.13. The stock has a market cap of C$46.91 million, a price-to-earnings ratio of -3.90 and a beta of 2.21.

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.