GGL Resources (CVE:GGL) Shares Down 33.3% – What’s Next?

GGL Resources Corp. (CVE:GGL)’s share price fell 33.3% during mid-day trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. 110,500 shares traded hands during trading, an increase of 19% from the average session volume of 93,167 shares. The stock had previously closed at C$0.06.

GGL Resources Price Performance

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 business’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The stock has a market capitalization of C$3.67 million, a price-to-earnings ratio of -4.00 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.