Insider Buying: GFG Resources Inc (CVE:GFG) Senior Officer Acquires 76,425 Shares of Stock

GFG Resources Inc (CVE:GFG) Senior Officer Anders Carlson purchased 76,425 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average price of C$0.20 per share, with a total value of C$15,285.00.

Anders Carlson also recently made the following trade(s):

• On Thursday, October 24th, Anders Carlson bought 128,000 shares of GFG Resources stock. The stock was acquired at an average cost of C$0.19 per share, with a total value of C$24,576.00.
• On Monday, October 21st, Anders Carlson purchased 47,000 shares of GFG Resources stock. The stock was bought at an average price of C$0.17 per share, for a total transaction of C$7,990.00.
• On Friday, October 11th, Anders Carlson acquired 100,000 shares of GFG Resources stock. The shares were bought at an average cost of C$0.15 per share, with a total value of C$15,000.00.

GFG Resources Stock Performance

GFG traded down C$0.01 during trading on Tuesday, hitting C$0.20. The stock had a trading volume of 7,000 shares, compared to its average volume of 321,731. GFG Resources Inc has a twelve month low of C$0.07 and a twelve month high of C$0.22. The company’s 50-day moving average price is C$0.16 and its 200 day moving average price is C$0.13. The firm has a market capitalization of C$48.11 million, a P/E ratio of -4.00 and a beta of 2.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.98 and a current ratio of 1.66.

About GFG Resources

GFG Resources Inc engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It holds interests in the Montclerg gold project consisting of 5 patented and 110 unpatented mining claims located near the east of Timmins; the Pen gold project covers an area of approximately 475 square kilometers located near the southwest of the prolific gold district and town of Timmins; and the Dore gold project covers an area of approximately 212 square kilometers located in Ontario.