GFG Resources (CVE:GFG) Trading Up 6.7% – What’s Next?

GFG Resources Inc (CVE:GFG)’s stock price traded up 6.7% during trading on Thursday . The company traded as high as C$0.17 and last traded at C$0.16. 72,000 shares were traded during mid-day trading, a decline of 51% from the average session volume of 145,994 shares. The stock had previously closed at C$0.15.

GFG Resources Stock Up 6.7 %

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’s fifty day moving average is C$0.15 and its 200 day moving average is C$0.11. The stock has a market cap of C$38.49 million, a P/E ratio of -3.20 and a beta of 2.21.

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.