GGL Resources Corp. (CVE:GGL – Get Free Report) shares fell 20% on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. 106,000 shares traded hands during trading, an increase of 185% from the average session volume of 37,234 shares. The stock had previously closed at C$0.05.
GGL Resources Stock Performance
The company’s 50-day simple moving average is C$0.06 and its 200-day simple moving average is C$0.06. The stock has a market capitalization of C$4.17 million, a price-to-earnings ratio of -5.50 and a beta of 0.02. The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12.
About GGL Resources
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.
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