GFG Resources (CVE:GFG) Shares Down 9.8% – Should You Sell?

GFG Resources Inc (CVE:GFG)’s stock price fell 9.8% on Monday . The stock traded as low as C$0.19 and last traded at C$0.19. 70,203 shares were traded during mid-day trading, a decline of 56% from the average session volume of 160,788 shares. The stock had previously closed at C$0.21.

GFG Resources Stock Down 9.8%

The firm has a market cap of C$48.58 million, a P/E ratio of -49.51 and a beta of 2.21. The stock’s 50 day simple moving average is C$0.19 and its 200 day simple moving average is C$0.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.98 and a current ratio of 2.33.

GFG Resources Company Profile

GFG Resources Inc engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It holds interests in the Montclerg gold project consisting of 5 patented and 110 unpatented mining claims located near the east of Timmins; the Pen gold project covers an area of approximately 475 square kilometers located near the southwest of the prolific gold district and town of Timmins; and the Dore gold project covers an area of approximately 212 square kilometers located in Ontario.