GGL Resources (CVE:GGL) Shares Up 33.3% – Here’s Why

GGL Resources Corp. (CVE:GGL)’s share price traded up 33.3% during mid-day trading on Saturday . The stock traded as high as C$0.06 and last traded at C$0.06. 149,000 shares were traded during trading, an increase of 76% from the average session volume of 84,500 shares. The stock had previously closed at C$0.05.

GGL Resources Trading Up 33.3 %

The business’s fifty day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of C$5.51 million, a PE ratio of -6.00 and a beta of 1.12.

About GGL Resources

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.