GGL Resources (CVE:GGL) Trading 42.9% Higher – Here’s Why

GGL Resources Corp. (CVE:GGL)’s share price shot up 42.9% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 113,500 shares were traded during mid-day trading, an increase of 329% from the average session volume of 26,464 shares. The stock had previously closed at C$0.04.

GGL Resources Price Performance

The firm has a market capitalization of C$4.59 million, a P/E ratio of -5.00 and a beta of 1.12. The stock’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 quick ratio of 15.34 and a current ratio of 2.21.

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.