Grande Portage Resources (CVE:GPG) Shares Up 6.3% – Should You Buy?

Grande Portage Resources Ltd. (CVE:GPG)’s share price was up 6.3% during trading on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 115,224 shares traded hands during mid-day trading, an increase of 69% from the average daily volume of 68,065 shares. The stock had previously closed at C$0.16.

Grande Portage Resources Stock Up 12.5 %

The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 14.73. The stock has a market capitalization of C$21.56 million, a P/E ratio of -18.00 and a beta of 1.10. The firm has a 50-day simple moving average of C$0.20 and a 200 day simple moving average of C$0.21.

About Grande Portage Resources

Grande Portage Resources Ltd., an exploration stage company, explores for, and develops natural resource properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Herbert gold property comprising 91 unpatented mining claims and located 25km in the north of Juneau, Alaska.