GFG Resources Inc (CVE:GFG – Get Free Report)’s share price was down 10.8% during trading on Thursday . The stock traded as low as C$0.16 and last traded at C$0.17. Approximately 741,125 shares traded hands during mid-day trading, an increase of 359% from the average daily volume of 161,617 shares. The stock had previously closed at C$0.19.
GFG Resources Trading Up 12.1 %
The company has a current ratio of 1.66, a quick ratio of 2.98 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of C$44.51 million, a PE ratio of -3.70 and a beta of 2.21. The business has a fifty day moving average price of C$0.16 and a two-hundred day moving average price of C$0.13.
About GFG Resources
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.
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