GFG Resources Inc (CVE:GFG – Get Free Report)’s stock price dropped 10.8% during trading on Friday . The company traded as low as C$0.16 and last traded at C$0.17. Approximately 741,125 shares changed 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 Stock Performance
The company has a quick ratio of 2.98, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. The stock has a market cap of C$44.51 million, a P/E ratio of -3.70 and a beta of 2.21. The firm’s 50-day moving average is C$0.16 and its two-hundred day moving average is 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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