Grande Portage Resources (CVE:GPG) Trading Up 15.6% – Here’s What Happened

Grande Portage Resources Ltd. (CVE:GPG) was up 15.6% during mid-day trading on Wednesday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 333,010 shares changed hands during trading, an increase of 314% from the average daily volume of 80,421 shares. The stock had previously closed at C$0.16.

Grande Portage Resources Price Performance

The company’s 50 day moving average price is C$0.20 and its 200-day moving average price is C$0.21. The company has a market capitalization of C$20.97 million, a PE ratio of -17.50 and a beta of 1.10. The company has a current ratio of 0.51, a quick ratio of 14.73 and a debt-to-equity ratio of 0.89.

Grande Portage Resources Company Profile

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.