GFG Resources (CVE:GFG) Shares Down 10.8% – Time to Sell?

GFG Resources Inc (CVE:GFG) shares fell 10.8% during mid-day trading on Friday . The stock traded as low as C$0.16 and last traded at C$0.17. 741,125 shares traded hands during mid-day trading, an increase of 359% from the average session volume of 161,617 shares. The stock had previously closed at C$0.19.

GFG Resources Stock Up 12.1 %

The stock has a market capitalization of C$44.51 million, a P/E ratio of -3.70 and a beta of 2.21. The company has a current ratio of 1.66, a quick ratio of 2.98 and a debt-to-equity ratio of 0.19. The stock’s 50 day simple moving average is C$0.16 and its 200 day simple moving average is C$0.13.

GFG Resources Company Profile

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.