Brian Neville Skanderbeg Sells 625,000 Shares of GFG Resources (CVE:GFG) Stock

GFG Resources Inc (CVE:GFG) insider Brian Neville Skanderbeg sold 625,000 shares of GFG Resources stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of C$0.15, for a total transaction of C$93,750.00. Following the transaction, the insider directly owned 6,904,352 shares in the company, valued at C$1,035,652.80. This trade represents a 8.30% decrease in their ownership of the stock.

Brian Neville Skanderbeg also recently made the following trade(s):

• On Thursday, August 14th, Brian Neville Skanderbeg acquired 50,000 shares of GFG Resources stock. The stock was acquired at an average cost of C$0.14 per share, with a total value of C$6,750.00.

GFG Resources Price Performance

Shares of CVE:GFG opened at C$0.15 on Friday. The stock has a market cap of C$43.86 million, a PE ratio of 14.50 and a beta of 1.05. The company’s fifty day moving average is C$0.15 and its 200 day moving average is C$0.16. GFG Resources Inc has a 52 week low of C$0.13 and a 52 week high of C$0.23. The company has a quick ratio of 2.98, a current ratio of 2.33 and a debt-to-equity ratio of 0.13.

About GFG Resources

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.