GGL Resources (CVE:GGL) Shares Up 33.3% – Time to Buy?

GGL Resources Corp. (CVE:GGL)’s share price rose 33.3% during trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 149,000 shares changed hands during mid-day trading, an increase of 76% from the average daily volume of 84,500 shares. The stock had previously closed at C$0.05.

GGL Resources Stock Up 33.3 %

The firm has a 50 day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of C$5.51 million, a price-to-earnings ratio of -6.00 and a beta of 1.12.

About GGL Resources

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.