Insider Buying: GFG Resources Inc (CVE:GFG) Senior Officer Acquires 76,425 Shares of Stock

GFG Resources Inc (CVE:GFG) Senior Officer Anders Carlson acquired 76,425 shares of GFG Resources stock in a transaction that occurred on Monday, January 6th. The shares were purchased at an average cost of C$0.20 per share, for a total transaction of C$15,285.00.

Anders Carlson also recently made the following trade(s):

• On Thursday, October 24th, Anders Carlson purchased 128,000 shares of GFG Resources stock. The stock was bought at an average price of C$0.19 per share, for a total transaction of C$24,576.00.
• On Monday, October 21st, Anders Carlson acquired 47,000 shares of GFG Resources stock. The stock was purchased at an average cost of C$0.17 per share, for a total transaction of C$7,990.00.
• On Friday, October 11th, Anders Carlson purchased 100,000 shares of GFG Resources stock. The shares were acquired at an average cost of C$0.15 per share, with a total value of C$15,000.00.

GFG Resources Stock Down 2.4 %

Shares of CVE:GFG traded down C$0.01 during mid-day trading on Tuesday, hitting C$0.20. 7,000 shares of the company traded hands, compared to its average volume of 321,731. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.98 and a current ratio of 1.66. GFG Resources Inc has a 52-week low of C$0.07 and a 52-week high of C$0.22. The firm’s 50 day simple moving average is C$0.16 and its 200 day simple moving average is C$0.13. The firm has a market cap of C$48.11 million, a P/E ratio of -4.00 and a beta of 2.21.

GFG Resources Company Profile

GFG Resources Inc engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It holds interests in the Montclerg gold project consisting of 5 patented and 110 unpatented mining claims located near the east of Timmins; the Pen gold project covers an area of approximately 475 square kilometers located near the southwest of the prolific gold district and town of Timmins; and the Dore gold project covers an area of approximately 212 square kilometers located in Ontario.