GGL Resources (CVE:GGL) Trading Up 22.2% – Should You Buy?

GGL Resources Corp. (CVE:GGLGet Free Report) shares were up 22.2% during mid-day trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 129,500 shares were traded during trading, an increase of 78% from the average daily volume of 72,889 shares. The stock had previously closed at C$0.05.

GGL Resources Price Performance

The company has a 50 day moving average of C$0.04 and a 200-day moving average of C$0.04. 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 company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio of 1.12.

About GGL Resources

(Get Free Report)

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.

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