Grande Portage Resources (CVE:GPG) Trading 6.1% Higher – Time to Buy?

Grande Portage Resources Ltd. (CVE:GPG)’s share price traded up 6.1% during mid-day trading on Thursday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 453,695 shares were traded during mid-day trading, an increase of 117% from the average daily volume of 209,006 shares. The stock had previously closed at C$0.33.

Grande Portage Resources Price Performance

The company has a current ratio of 24.75, a quick ratio of 14.73 and a debt-to-equity ratio of 0.12. The firm has a market cap of C$64.76 million, a P/E ratio of -35.00 and a beta of 0.67. The company has a fifty day moving average price of C$0.30 and a two-hundred day moving average price of C$0.37.

About Grande Portage Resources

Grande Portage Resources Ltd., an exploration stage company, explores for, and develops natural resource properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Herbert gold property comprising 91 unpatented mining claims and located 25km in the north of Juneau, Alaska. Grande Portage Resources Ltd. was incorporated in 1984 and is headquartered in Vancouver, Canada.