GGL Resources (CVE:GGL) Stock Price Up 23.1% – Here’s Why

GGL Resources Corp. (CVE:GGL)’s stock price traded up 23.1% during trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 166,000 shares were traded during trading, an increase of 135% from the average session volume of 70,697 shares. The stock had previously closed at C$0.07.

GGL Resources Trading Up 23.1 %

The business’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04. The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12. The stock has a market cap of C$7.35 million, a P/E ratio of -8.00 and a beta of 1.12.

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.