GGL Resources (CVE:GGL) Shares Up 23.1% – Here’s Why

GGL Resources Corp. (CVE:GGL) shares shot up 23.1% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 166,000 shares were traded during mid-day trading, an increase of 135% from the average session volume of 70,697 shares. The stock had previously closed at C$0.07.

GGL Resources Stock Performance

The company’s fifty day moving average is C$0.05 and its 200 day moving average is C$0.04. The company has a market capitalization of C$7.35 million, a P/E ratio of -8.00 and a beta of 1.12. The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12.

GGL Resources Company Profile

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.