GGL Resources (CVE:GGL) Trading Down 18.2% – What’s Next?

Shares of GGL Resources Corp. (CVE:GGL) fell 18.2% during mid-day trading on Tuesday . The stock 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 Trading Down 18.2 %

The company has a market capitalization of C$4.13 million, a P/E ratio of -4.50 and a beta of 1.12. 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 firm has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

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.