GGL Resources Corp. (CVE:GGL – Get Free Report)’s share price rose 23.1% on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 166,000 shares traded hands during mid-day trading, an increase of 135% from the average daily volume of 70,697 shares. The stock had previously closed at C$0.07.
GGL Resources Price Performance
The company has a market capitalization of C$7.35 million, a price-to-earnings ratio of -8.00 and a beta of 1.12. The stock’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.04. The company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio of 1.12.
About GGL Resources
GGL Resources Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Canada and the United States. It explores for gold, copper, and silver deposits, as well as diamonds. The company holds interests in the McConnell Creek project located in the Omineca Mining Division of British Columbia; the Providence Greenstone Belt located in the northeast of Yellowknife, Slave Craton; and the Nevada Lithium project consists of various lithium sediment bearing mining claims in Nevada.
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