GGL Resources (CVE:GGL) Trading Up 22.2% – Should You Buy?

GGL Resources Corp. (CVE:GGL) shares were up 22.2% during mid-day trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 129,500 shares were traded during trading, an increase of 78% from the average daily volume of 72,889 shares. The stock had previously closed at C$0.05.

GGL Resources Trading Up 22.2 %

The firm has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The firm has a market cap of C$5.05 million, a P/E ratio of -5.50 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.21.

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.