GFG Resources (CVE:GFG) Shares Down 13.5% – Here’s What Happened

GFG Resources Inc (CVE:GFG)’s stock price traded down 13.5% during trading on Thursday . The stock traded as low as C$0.16 and last traded at C$0.16. 398,625 shares were traded during mid-day trading, an increase of 147% from the average session volume of 161,617 shares. The stock had previously closed at C$0.19.

GFG Resources Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.98 and a current ratio of 1.66. The company has a market cap of C$44.51 million, a P/E ratio of -3.70 and a beta of 2.21. The stock’s fifty day moving average price is C$0.16 and its two-hundred day moving average price is C$0.13.

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.