GGL Resources (CVE:GGL) Stock Price Up 33.3% – Should You Buy?

Shares of GGL Resources Corp. (CVE:GGL) rose 33.3% during trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 128,500 shares were traded during mid-day trading, an increase of 77% from the average daily volume of 72,778 shares. The stock had previously closed at C$0.05.

GGL Resources Stock Up 22.2 %

The stock has a market capitalization of C$5.05 million, a P/E ratio of -5.50 and a beta of 1.12. The firm’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.

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.