Shares of GGL Resources Corp. (CVE:GGL – Get Free Report) dropped 18.2% during mid-day trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 137,000 shares traded hands during trading, an increase of 108% from the average daily volume of 65,813 shares. The stock had previously closed at C$0.06.
GGL Resources Stock Performance
The firm has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.21 and a quick ratio of 15.34. The company has a market cap of C$4.13 million, a price-to-earnings ratio of -4.50 and a beta of 1.12.
GGL Resources Company Profile
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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