Shares of GGL Resources Corp. (CVE:GGL – Get Free Report) were down 20% during trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 106,000 shares changed hands during mid-day trading, an increase of 185% from the average daily volume of 37,234 shares. The stock had previously closed at C$0.05.
GGL Resources Price Performance
The company has a market capitalization of C$4.17 million, a P/E ratio of -5.50 and a beta of 0.02. The business’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.06. The company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio 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.
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