Grande Portage Resources (CVE:GPG) Trading Down 11% – Should You Sell?

Grande Portage Resources Ltd. (CVE:GPGGet Free Report) fell 11% during trading on Thursday . The company traded as low as C$0.45 and last traded at C$0.45. 93,205 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 328,788 shares. The stock had previously closed at C$0.50.

Grande Portage Resources Stock Down 7.4%

The company has a debt-to-equity ratio of 0.32, a current ratio of 16.63 and a quick ratio of 14.73. The stock has a market cap of C$68.78 million, a price-to-earnings ratio of -44.00 and a beta of 0.79. The firm has a 50 day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.33.

About Grande Portage Resources

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Grande Portage Resources Ltd., an exploration stage company, explores for, and develops natural resource properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Herbert gold property comprising 91 unpatented mining claims and located 25km in the north of Juneau, Alaska. Grande Portage Resources Ltd. was incorporated in 1984 and is headquartered in Vancouver, Canada.

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