GGL Resources (CVE:GGL) Shares Up 42.9% – Here’s What Happened

GGL Resources Corp. (CVE:GGL) rose 42.9% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 113,500 shares were traded during mid-day trading, an increase of 329% from the average daily volume of 26,464 shares. The stock had previously closed at C$0.04.

GGL Resources Stock Performance

The company has a market capitalization of C$4.59 million, a price-to-earnings ratio of -5.00 and a beta of 1.12. The stock has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.04. The company has a quick ratio of 15.34, a current ratio of 2.21 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.