Grande Portage Resources (CVE:GPG) Trading Down 11% – Here’s Why

Grande Portage Resources Ltd. (CVE:GPGGet Free Report) was down 11% on Thursday . The stock traded as low as C$0.45 and last traded at C$0.45. Approximately 93,205 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 328,788 shares. The stock had previously closed at C$0.50.

Grande Portage Resources Stock Down 7.4%

The business’s fifty day simple moving average is C$0.44 and its 200 day simple moving average is C$0.33. The company has a current ratio of 16.63, a quick ratio of 14.73 and a debt-to-equity ratio of 0.32. The stock has a market cap of C$68.78 million, a price-to-earnings ratio of -44.00 and a beta of 0.79.

Grande Portage Resources Company Profile

(Get Free Report)

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.

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