GGL Resources (CVE:GGL) Shares Up 42.9% – What’s Next?

GGL Resources Corp. (CVE:GGL)’s share price shot up 42.9% on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 113,500 shares traded hands during mid-day trading, an increase of 329% from the average session volume of 26,464 shares. The stock had previously closed at C$0.04.

GGL Resources Stock Performance

The stock has a 50 day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a market capitalization of C$4.59 million, a price-to-earnings ratio of -5.00 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.21 and a quick ratio of 15.34.

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.