GFG Resources (CVE:GFG) Sets New 1-Year High – Time to Buy?

GFG Resources Inc (CVE:GFGGet Free Report)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$0.22 and last traded at C$0.22, with a volume of 39325 shares changing hands. The stock had previously closed at C$0.22.

GFG Resources Stock Down 2.2%

The company has a debt-to-equity ratio of 0.29, a current ratio of 4.14 and a quick ratio of 2.98. The company has a market capitalization of C$68.45 million, a PE ratio of 15.00 and a beta of -0.29. The business has a 50-day moving average of C$0.19 and a 200 day moving average of C$0.16.

GFG Resources Company Profile

(Get Free Report)

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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