GGL Resources (CVE:GGL) Stock Price Up 33.3% – Here’s What Happened

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

GGL Resources Stock Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.21. The firm’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The firm has a market capitalization of C$5.51 million, a price-to-earnings ratio of -6.00 and a beta of 1.12.

GGL Resources Company Profile

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.