GFG Resources (CVE:GFG) Reaches New 52-Week High – Should You Buy?

GFG Resources Inc (CVE:GFGGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$0.22 and last traded at C$0.21, with a volume of 202800 shares traded. The stock had previously closed at C$0.19.

GFG Resources Stock Down 2.5 %

The company has a quick ratio of 2.98, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of C$0.16 and a 200-day simple moving average of C$0.13. The stock has a market cap of C$46.91 million, a P/E ratio of -3.90 and a beta of 2.21.

GFG Resources Company Profile

(Get Free Report)

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.

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