Shares of GGL Resources Corp. (CVE:GGL – Get Free Report) shot up 22.2% during trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. 129,500 shares were traded during mid-day trading, an increase of 78% from the average session volume of 72,889 shares. The stock had previously closed at C$0.05.
GGL Resources Price Performance
The company has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.21. The company has a market capitalization of C$5.05 million, a price-to-earnings ratio of -5.50 and a beta 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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