Grande Portage Resources (CVE:GPG) Shares Down 13.9% – Should You Sell?

Shares of Grande Portage Resources Ltd. (CVE:GPG) were down 13.9% during mid-day trading on Thursday . The company traded as low as C$0.34 and last traded at C$0.34. Approximately 111,768 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 325,906 shares. The stock had previously closed at C$0.40.

Grande Portage Resources Stock Performance

The company has a 50-day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 14.73 and a current ratio of 16.63. The firm has a market capitalization of C$60.99 million, a P/E ratio of -34.00 and a beta of 0.79.

Grande Portage Resources Company Profile

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.