GGL Resources (CVE:GGL) Shares Up 33.3% – Should You Buy?

GGL Resources Corp. (CVE:GGL)’s stock 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 changed hands during mid-day 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 Stock Performance

The company has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.21 and a quick ratio of 15.34. The stock has a market cap of C$5.51 million, a P/E 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.