Greencastle Resources (CVE:VGN) Shares Up 28.6% – Here’s Why

Greencastle Resources Ltd. (CVE:VGN)’s share price shot up 28.6% on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. 133,000 shares were traded during mid-day trading, an increase of 186% from the average session volume of 46,485 shares. The stock had previously closed at C$0.04.

Greencastle Resources Trading Up 28.6%

The company has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 220.64 and a current ratio of 17.28. The company has a market capitalization of C$1.63 million, a PE ratio of -4.00 and a beta of 0.59.

About Greencastle Resources

Greencastle Resources Ltd., together with its subsidiaries, engages in the exploration and development of gold, base metal, oil and gas properties, and royalties in Canada. The company operates through Investments in Private and Public Companies; Oil and Gas Interests; and Mining Interests segments. It holds interests in the Jewel Ridge gold property located in Nevada, the United States; the Primate oil and gas property in Saskatchewan; and the Ferrier oil and gas project located in Alberta. The company also holds royalty interests in wells located in the Spirit River area, Alberta.