GGL Resources (CVE:GGL) Stock Price Up 22.2% – Still a Buy?

GGL Resources Corp. (CVE:GGL)’s share price shot up 22.2% on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. 129,500 shares changed hands during trading, an increase of 78% from the average session volume of 72,889 shares. The stock had previously closed at C$0.05.

GGL Resources Trading Up 22.2 %

The firm has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.04. The company has a debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.21. The stock has a market capitalization of C$5.05 million, a price-to-earnings ratio of -5.50 and a beta of 1.12.

GGL Resources Company Profile

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.