Grande Portage Resources (CVE:GPG) Shares Up 15.6% – Should You Buy?

Grande Portage Resources Ltd. (CVE:GPGGet Free Report)’s share price shot up 15.6% during trading on Wednesday . The company traded as high as C$0.19 and last traded at C$0.19. 333,010 shares were traded during mid-day trading, an increase of 314% from the average session volume of 80,421 shares. The stock had previously closed at C$0.16.

Grande Portage Resources Price Performance

The firm has a market capitalization of C$20.97 million, a P/E ratio of -17.50 and a beta of 1.10. The company has a fifty day moving average of C$0.20 and a 200 day moving average of C$0.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 14.73.

About Grande Portage Resources

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Grande Portage Resources Ltd., an exploration stage company, explores for, and develops natural resource properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Herbert gold property comprising 91 unpatented mining claims and located 25km in the north of Juneau, Alaska.

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