GGL Resources (CVE:GGL) Stock Price Up 22.2% – Here’s What Happened

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

GGL Resources Price Performance

The stock has a market capitalization of C$5.05 million, a PE ratio of -5.50 and a beta of 1.12. The company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average is C$0.04 and its 200 day moving average is C$0.04.

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.