GGL Resources (CVE:GGL) Stock Price Down 18.2% – Here’s Why

GGL Resources Corp. (CVE:GGL) traded down 18.2% during trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. 137,000 shares were traded during trading, an increase of 108% from the average session volume of 65,813 shares. The stock had previously closed at C$0.06.

GGL Resources Stock Performance

The firm has a market capitalization of C$4.13 million, a P/E ratio of -4.50 and a beta of 1.12. The stock has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. 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.