GGL Resources (CVE:GGL) Trading 22.2% Higher – Should You Buy?

GGL Resources Corp. (CVE:GGLGet Free Report)’s stock price traded up 22.2% during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. 129,500 shares traded hands during trading, an increase of 78% from the average session volume of 72,889 shares. The stock had previously closed at C$0.05.

GGL Resources Stock Up 22.2 %

The company’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of C$5.05 million, a price-to-earnings ratio of -5.50 and a beta of 1.12.

GGL Resources Company Profile

(Get Free Report)

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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