GFG Resources (CVE:GFG) Hits New 1-Year High – Should You Buy?

GFG Resources Inc (CVE:GFGGet Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22, with a volume of 187494 shares traded. The stock had previously closed at C$0.21.

GFG Resources Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.98 and a current ratio of 2.33. The company’s 50-day moving average price is C$0.19 and its 200 day moving average price is C$0.17. The stock has a market capitalization of C$57.76 million, a PE ratio of -58.88 and a beta of 2.21.

GFG Resources Company Profile

(Get Free Report)

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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