GGL Resources (CVE:GGL) Trading 33.3% Higher – Here’s Why

GGL Resources Corp. (CVE:GGL)’s stock price shot up 33.3% during mid-day trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 149,000 shares changed hands during trading, an increase of 76% from the average session volume of 84,500 shares. The stock had previously closed at C$0.05.

GGL Resources Stock Performance

The stock has a market cap of C$5.51 million, a price-to-earnings ratio of -6.00 and a beta of 1.12. The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.04.

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.