Gold Springs Resource (TSE:GRC) Trading 15.4% Higher – Time to Buy?

Gold Springs Resource Corp. (TSE:GRCGet Free Report) shares shot up 15.4% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 102,800 shares were traded during mid-day trading, an increase of 232% from the average session volume of 31,001 shares. The stock had previously closed at C$0.07.

Gold Springs Resource Trading Up 15.4 %

The firm has a market cap of C$21.23 million, a price-to-earnings ratio of -7.50 and a beta of 0.85. The business has a fifty day simple moving average of C$0.07 and a 200-day simple moving average of C$0.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 0.11.

About Gold Springs Resource

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Gold Springs Resource Corp. engages in the acquisition, exploration, and development of mineral properties in the United States and Canada. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Gold Springs project covering approximately 7,544 hectares located in straddles eastern Lincoln County, Nevada, and western Iron County, Utah.

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