GFG Resources (CVE:GFG) Stock Price Down 13.5% – What’s Next?

GFG Resources Inc (CVE:GFG) shares were down 13.5% during mid-day trading on Thursday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 398,625 shares changed hands during trading, an increase of 147% from the average daily volume of 161,617 shares. The stock had previously closed at C$0.19.

GFG Resources Stock Down 13.5 %

The firm’s fifty day simple moving average is C$0.16 and its 200-day simple moving average is C$0.13. The company has a market cap of C$38.49 million, a PE ratio of -3.20 and a beta of 2.21. The company has a quick ratio of 2.98, a current ratio of 1.66 and a debt-to-equity ratio of 0.19.

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.