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

GGL Resources Corp. (CVE:GGLGet Free Report) shares traded down 33.3% during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. 110,500 shares were traded during mid-day trading, an increase of 19% from the average session volume of 93,167 shares. The stock had previously closed at C$0.06.

GGL Resources Price Performance

The company’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is 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 company has a market capitalization of C$3.67 million, a PE ratio of -4.00 and a beta of 1.12.

GGL Resources Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for GGL Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GGL Resources and related companies with MarketBeat.com's FREE daily email newsletter.