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

GGL Resources Corp. (CVE:GGL) traded down 18.2% on Monday . The company traded as low as C$0.05 and last traded at C$0.05. 137,000 shares were traded during mid-day 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 firm has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.04. 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 stock has a market cap of C$4.13 million, a PE ratio of -4.50 and a beta 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.