GGL Resources (CVE:GGL) Shares Up 33.3% – Still a Buy?

GGL Resources Corp. (CVE:GGLGet Free Report) shares traded up 33.3% on Saturday . The company traded as high as C$0.06 and last traded at C$0.06. 149,000 shares traded hands during mid-day trading, an increase of 76% from the average session volume of 84,500 shares. The stock had previously closed at C$0.05.

GGL Resources Stock Up 33.3 %

The company has a debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.21. The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The firm has a market cap of C$5.51 million, a price-to-earnings ratio of -6.00 and a beta of 1.12.

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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