GGL Resources (CVE:GGL) Trading 23.1% Higher – Still a Buy?

Shares of GGL Resources Corp. (CVE:GGL) traded up 23.1% during mid-day trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 166,000 shares changed hands during mid-day 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 Stock Up 23.1 %

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 fifty day moving average price of C$0.05 and a 200-day moving average price of C$0.04. The stock has a market capitalization 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.