GGL Resources (CVE:GGL) Trading 42.9% Higher – Still a Buy?

GGL Resources Corp. (CVE:GGL)’s stock price was up 42.9% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 113,500 shares traded hands during trading, an increase of 329% from the average session volume of 26,464 shares. The stock had previously closed at C$0.04.

GGL Resources Price Performance

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

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.