GGL Resources (CVE:GGL) Shares Up 22.2% – Here’s What Happened

GGL Resources Corp. (CVE:GGLGet Free Report) shares were up 22.2% during trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 129,500 shares were traded during trading, an increase of 78% from the average daily volume of 72,889 shares. The stock had previously closed at C$0.05.

GGL Resources Price Performance

The company has a debt-to-equity ratio of 1.12, a current ratio of 2.21 and a quick ratio of 15.34. The company has a market cap of C$5.05 million, a PE ratio of -5.50 and a beta of 1.12. The company has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04.

About GGL Resources

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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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