GFG Resources Inc (CVE:GFG – Get Free Report)’s stock price was up 6.7% during mid-day trading on Monday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 53,890 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 133,063 shares. The stock had previously closed at C$0.12.
GFG Resources Price Performance
The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 2.98. The stock’s 50-day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.09. The firm has a market cap of C$30.79 million, a P/E ratio of -2.56 and a beta of 2.21.
About GFG Resources
GFG Resources Inc engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It holds interests in the Montclerg gold project consisting of 5 patented and 110 unpatented mining claims located near the east of Timmins; the Pen gold project covers an area of approximately 475 square kilometers located near the southwest of the prolific gold district and town of Timmins; and the Dore gold project covers an area of approximately 212 square kilometers located in Ontario.
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