GGL Resources (CVE:GGL) Trading Down 20% – Time to Sell?

GGL Resources Corp. (CVE:GGLGet Free Report)’s share price traded down 20% on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. 111,440 shares were traded during trading, an increase of 100% from the average session volume of 55,647 shares. The stock had previously closed at C$0.05.

GGL Resources Trading 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 stock’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.05. The company has a current ratio of 2.21, a quick ratio of 15.34 and a debt-to-equity ratio of 1.12.

About GGL Resources

(Get Free Report)

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.

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