GGL Resources (CVE:GGL) Stock Price Down 18.2% – Here’s What Happened

Shares of GGL Resources Corp. (CVE:GGL) traded down 18.2% during trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. 137,000 shares traded hands during mid-day trading, an increase of 108% from the average session volume of 65,813 shares. The stock had previously closed at C$0.06.

GGL Resources Stock Performance

The company has a market capitalization of C$4.13 million, a price-to-earnings ratio of -4.50 and a beta of 1.12. The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04.

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.