GGL Resources (CVE:GGL) Trading Down 62.5%

GGL Resources Corp. (CVE:GGLGet Free Report) shares were down 62.5% during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 122,000 shares traded hands during trading, an increase of 422% from the average daily volume of 23,379 shares. The stock had previously closed at C$0.04.

GGL Resources Stock Performance

The company’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.06. The stock has a market cap of C$2.49 million, a P/E ratio of -4.00 and a beta of 1.09. The company has a debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.14.

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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