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

GGL Resources Corp. (CVE:GGL)’s stock price dropped 18.2% during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 137,000 shares changed hands during trading, an increase of 108% from the average daily volume of 65,813 shares. The stock had previously closed at C$0.06.

GGL Resources Price Performance

The company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio of 1.12. The stock’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. 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.

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.