GGL Resources (CVE:GGL) Reaches New 1-Year High – Here’s Why

GGL Resources Corp. (CVE:GGLGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08, with a volume of 3000 shares changing hands. The stock had previously closed at C$0.07.

GGL Resources Trading Up 23.1 %

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

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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