GGL Resources (CVE:GGL) Trading Down 18.2% – Here’s What Happened

GGL Resources Corp. (CVE:GGL)’s share price traded down 18.2% during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 137,000 shares were traded during trading, an increase of 108% from the average session volume of 65,813 shares. The stock had previously closed at C$0.06.

GGL Resources Price Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.21. The company has a market cap of C$4.13 million, a price-to-earnings ratio of -4.50 and a beta of 1.12. The business has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.04.

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.