GGL Resources (CVE:GGL) Shares Up 22.2% – Here’s Why

GGL Resources Corp. (CVE:GGL) shares were up 22.2% during trading on Thursday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 129,500 shares were traded during trading, an increase of 78% from the average daily volume of 72,889 shares. The stock had previously closed at C$0.05.

GGL Resources Trading Up 22.2 %

The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12. The firm has a market cap of C$5.05 million, a PE ratio of -5.50 and a beta of 1.12. The firm has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04.

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.