GGL Resources (CVE:GGL) Trading Down 18.2% – Should You Sell?

GGL Resources Corp. (CVE:GGL) dropped 18.2% during mid-day trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 137,000 shares changed hands during mid-day trading, an increase of 108% from the average daily volume of 65,813 shares. The stock had previously closed at C$0.06.

GGL Resources Stock Performance

The company’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The stock has a market capitalization of C$4.13 million, a P/E ratio of -4.50 and a beta of 1.12. The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12.

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.