GGL Resources (CVE:GGL) Stock Price Up 23.1% – Should You Buy?

GGL Resources Corp. (CVE:GGLGet Free Report) rose 23.1% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 166,000 shares were traded during trading, an increase of 135% from the average daily volume of 70,697 shares. The stock had previously closed at C$0.07.

GGL Resources Stock Performance

The firm has a market cap of C$7.35 million, a PE ratio of -8.00 and a beta of 1.12. The firm has a fifty day moving average price of C$0.05 and a 200 day moving average price of C$0.04. The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12.

GGL Resources Company Profile

(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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