GGL Resources (CVE:GGL) Trading 22.2% Higher – Here’s What Happened

Shares of GGL Resources Corp. (CVE:GGL) were up 22.2% during trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 129,500 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 72,889 shares. The stock had previously closed at C$0.05.

GGL Resources Stock Performance

The firm has a market cap of C$5.05 million, a price-to-earnings ratio of -5.50 and a beta of 1.12. 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 stock has a 50 day moving average of C$0.04 and a 200 day moving average of 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.