GFG Resources (CVE:GFG) Sets New 1-Year High – Here’s Why

Shares of GFG Resources Inc (CVE:GFGGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.23 and last traded at C$0.23, with a volume of 205620 shares. The stock had previously closed at C$0.23.

GFG Resources Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 4.14 and a quick ratio of 2.98. The company has a market capitalization of C$68.45 million, a PE ratio of 15.00 and a beta of -0.35. The stock has a 50-day simple moving average of C$0.21 and a 200 day simple moving average of C$0.18.

About GFG Resources

(Get Free Report)

GFG Resources Inc engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It holds interests in the Montclerg gold project consisting of 5 patented and 110 unpatented mining claims located near the east of Timmins; the Pen gold project covers an area of approximately 475 square kilometers located near the southwest of the prolific gold district and town of Timmins; and the Dore gold project covers an area of approximately 212 square kilometers located in Ontario.

Recommended Stories

Receive News & Ratings for GFG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GFG Resources and related companies with MarketBeat.com's FREE daily email newsletter.