Grande Portage Resources (CVE:GPG) Stock Price Up 44% – Here’s Why

Grande Portage Resources Ltd. (CVE:GPGGet Free Report) shot up 44% during trading on Thursday . The stock traded as high as C$0.36 and last traded at C$0.36. Approximately 403,600 shares were traded during mid-day trading, an increase of 70% from the average session volume of 238,011 shares. The stock had previously closed at C$0.25.

Grande Portage Resources Price Performance

The business has a fifty day simple moving average of C$0.34 and a two-hundred day simple moving average of C$0.39. The company has a current ratio of 44.14, a quick ratio of 14.73 and a debt-to-equity ratio of 0.18. The company has a market cap of C$64.64 million, a PE ratio of -36.00 and a beta of 0.67.

About Grande Portage Resources

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Grande Portage Resources Ltd., an exploration stage company, explores for, and develops natural resource properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Herbert gold property comprising 91 unpatented mining claims and located 25km in the north of Juneau, Alaska. Grande Portage Resources Ltd. was incorporated in 1984 and is headquartered in Vancouver, Canada.

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