GGL Resources (CVE:GGL) Shares Up 33.3% – Should You Buy?

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

GGL Resources Stock Up 33.3 %

The stock has a market cap of C$5.51 million, a P/E ratio of -6.00 and a beta of 1.12. 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 company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio of 1.12.

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.