GGL Resources (CVE:GGL) Stock Price Down 18.2% – Here’s Why

GGL Resources Corp. (CVE:GGL) shares were down 18.2% during trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 137,000 shares changed hands during mid-day trading, an increase of 108% from the average daily volume of 65,813 shares. The stock had previously closed at C$0.06.

GGL Resources Stock Down 18.2 %

The stock has a market cap of C$4.13 million, a PE ratio of -4.50 and a beta of 1.12. The business has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.04. The company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio 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.