GFG Resources (CVE:GFG) Sets New 12-Month High – Here’s What Happened

GFG Resources Inc (CVE:GFGGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.22 and last traded at C$0.22, with a volume of 293180 shares trading hands. The stock had previously closed at C$0.20.

GFG Resources Trading Up 7.5%

The company has a current ratio of 4.14, a quick ratio of 2.98 and a debt-to-equity ratio of 0.29. The firm has a market cap of C$65.40 million, a PE ratio of 15.00 and a beta of -0.29. The company’s 50-day moving average is C$0.18 and its 200 day moving average is 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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