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