GGL Resources (CVE:GGL) Trading Up 22.2% – Still a Buy?

GGL Resources Corp. (CVE:GGL)’s stock price rose 22.2% on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 129,500 shares were traded during mid-day 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 debt-to-equity ratio of 1.12, a quick ratio of 15.34 and a current ratio of 2.21. The stock has a market cap of C$5.05 million, a P/E ratio of -5.50 and a beta of 1.12. The stock has a 50-day moving average price of C$0.04 and a 200-day moving average price 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.