GGL Resources (CVE:GGL) Stock Price Up 33.3% – Still a Buy?

Shares of GGL Resources Corp. (CVE:GGL) were up 33.3% on Saturday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 149,000 shares changed hands during 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 Price Performance

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 company has a market cap of C$5.51 million, a P/E ratio of -6.00 and a beta of 1.12. 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.

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.