GGL Resources (CVE:GGL) Shares Up 23.1% – Here’s What Happened

GGL Resources Corp. (CVE:GGLGet Free Report)’s share price shot up 23.1% during mid-day trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 166,000 shares were traded during trading, an increase of 135% from the average session volume of 70,697 shares. The stock had previously closed at C$0.07.

GGL Resources Stock Performance

The stock has a market cap of C$7.35 million, a P/E ratio of -8.00 and a beta of 1.12. 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$0.05 and its 200-day moving average price is C$0.04.

About GGL Resources

(Get Free Report)

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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