Grande Portage Resources (CVE:GPG) Shares Down 4.8% – Here’s Why

Grande Portage Resources Ltd. (CVE:GPGGet Free Report)’s stock price was down 4.8% during mid-day trading on Thursday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 25,900 shares changed hands during trading, a decline of 88% from the average daily volume of 220,096 shares. The stock had previously closed at C$0.31.

Grande Portage Resources Stock Performance

The company has a market cap of C$54.58 million, a price-to-earnings ratio of -29.50 and a beta of 0.67. The firm has a 50-day simple moving average of C$0.32 and a 200 day simple moving average of C$0.38. The company has a quick ratio of 14.73, a current ratio of 24.75 and a debt-to-equity ratio of 0.12.

Grande Portage Resources Company Profile

(Get Free Report)

Grande Portage Resources Ltd., an exploration stage company, explores for, and develops natural resource properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Herbert gold property comprising 91 unpatented mining claims and located 25km in the north of Juneau, Alaska. Grande Portage Resources Ltd. was incorporated in 1984 and is headquartered in Vancouver, Canada.

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