GFG Resources (CVE:GFG) Sets New 1-Year High – Time to Buy?

GFG Resources Inc (CVE:GFGGet Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as C$0.14 and last traded at C$0.14, with a volume of 256500 shares changing hands. The stock had previously closed at C$0.13.

GFG Resources Trading Up 3.8 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.98 and a current ratio of 1.66. The stock’s fifty day moving average is C$0.11 and its 200 day moving average is C$0.09. The stock has a market cap of C$32.48 million, a P/E ratio of -2.70 and a beta of 2.21.

About GFG Resources

(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.

Read More

Receive News & Ratings for GFG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GFG Resources and related companies with MarketBeat.com's FREE daily email newsletter.