GGL Resources Corp. (CVE:GGL – Get Free Report) fell 20% during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. 106,000 shares were traded during mid-day trading, an increase of 179% from the average session volume of 38,052 shares. The stock had previously closed at C$0.05.
GGL Resources Price Performance
The company has a debt-to-equity ratio of 1.12, a current ratio of 2.21 and a quick ratio of 15.34. The firm’s 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.06. The firm has a market capitalization of C$5.22 million, a price-to-earnings ratio of -5.50 and a beta of 0.02.
About GGL Resources
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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