Grande Portage Resources (CVE:GPG) Shares Up 11.8% – Still a Buy?

Grande Portage Resources Ltd. (CVE:GPGGet Free Report)’s share price shot up 11.8% during trading on Friday . The stock traded as high as C$0.39 and last traded at C$0.38. 181,398 shares were traded during mid-day trading, a decline of 13% from the average session volume of 208,910 shares. The stock had previously closed at C$0.34.

Grande Portage Resources Price Performance

The stock’s 50 day moving average price is C$0.30 and its 200-day moving average price is C$0.37. The company has a quick ratio of 14.73, a current ratio of 24.75 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of C$70.31 million, a PE ratio of -38.00 and a beta of 0.67.

About Grande Portage Resources

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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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