GGL Resources (CVE:GGL) Shares Up 42.9% – Here’s Why

GGL Resources Corp. (CVE:GGL)’s share price rose 42.9% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 113,500 shares were traded during trading, an increase of 329% from the average daily volume of 26,464 shares. The stock had previously closed at C$0.04.

GGL Resources Stock Up 42.9 %

The company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio of 1.12. The company has a market capitalization of C$4.59 million, a price-to-earnings ratio of -5.00 and a beta of 1.12. The business’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.04.

About GGL Resources

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.