GFG Resources Inc (CVE:GFG – Get Free Report) shares were up 9.4% during trading on Friday. The stock traded as high as C$0.18 and last traded at C$0.17. Approximately 442,510 shares changed hands during trading, an increase of 110% from the average session volume of 210,536 shares. The stock had previously closed at C$0.16.
GFG Resources Stock Up 9.4%
The company has a 50-day moving average of C$0.21 and a 200-day moving average of C$0.21. The company has a market capitalization of C$53.24 million, a price-to-earnings ratio of 15.00 and a beta of -0.84. The company has a current ratio of 5.23, a quick ratio of 2.98 and a debt-to-equity ratio of 0.28.
About GFG Resources
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.
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