GGL Resources (CVE:GGL) Shares Up 33.3% – What’s Next?

GGL Resources Corp. (CVE:GGL)’s share price traded up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. 128,500 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 72,778 shares. The stock had previously closed at C$0.05.

GGL Resources Trading Up 22.2 %

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