GGL Resources (CVE:GGL) Shares Down 18.2% – Here’s What Happened

GGL Resources Corp. (CVE:GGL) was down 18.2% on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 137,000 shares changed hands during trading, an increase of 108% from the average daily volume of 65,813 shares. The stock had previously closed at C$0.06.

GGL Resources Stock Down 18.2 %

The business’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 market cap of C$4.13 million, a price-to-earnings ratio of -4.50 and a beta of 1.12. 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.