GGL Resources (CVE:GGL) Stock Price Down 20% – Here’s What Happened

Shares of GGL Resources Corp. (CVE:GGL) dropped 20% on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 111,440 shares were traded during mid-day trading, an increase of 100% from the average daily volume of 55,647 shares. The stock had previously closed at C$0.05.

GGL Resources Stock Down 20.0%

The stock has a market cap of C$3.67 million, a P/E ratio of -4.00 and a beta of 1.12. The company has a quick ratio of 15.34, a current ratio of 2.21 and a debt-to-equity ratio of 1.12. The company has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05.

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.