GGL Resources (CVE:GGL) Shares Up 33.3% – Time to Buy?

GGL Resources Corp. (CVE:GGL) shares rose 33.3% during mid-day trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 149,000 shares changed hands during mid-day trading, an increase of 76% from the average daily volume of 84,500 shares. The stock had previously closed at C$0.05.

GGL Resources Trading Up 33.3 %

The firm has a market cap of C$5.51 million, a price-to-earnings ratio of -6.00 and a beta of 1.12. The business’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The company has a debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.21.

About GGL Resources

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.