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

GGL Resources Corp. (CVE:GGL)’s stock price traded down 18.2% during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 137,000 shares were traded during mid-day trading, an increase of 108% from the average session volume of 65,813 shares. The stock had previously closed at C$0.06.

GGL Resources Price Performance

The stock has a market capitalization of C$4.13 million, a P/E ratio of -4.50 and a beta of 1.12. The company’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.21 and a quick ratio of 15.34.

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.