Shares of GGL Resources Corp. (CVE:GGL – Get Free Report) dropped 18.2% on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 137,000 shares were traded during mid-day 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 company has a market capitalization of C$4.13 million, a P/E ratio of -4.50 and a beta of 1.12. The firm has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The company has a debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.21.
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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