GFG Resources (CVE:GFG) Trading 6.7% Higher – Here’s Why

GFG Resources Inc (CVE:GFG)’s stock price rose 6.7% on Thursday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 72,000 shares changed hands during trading, a decline of 51% from the average daily volume of 145,994 shares. The stock had previously closed at C$0.15.

GFG Resources Price Performance

The firm has a market capitalization of C$38.49 million, a P/E ratio of -3.20 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 business’s fifty day moving average is C$0.15 and its 200 day moving average is C$0.11.

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.