Greencastle Resources (CVE:VGN) Stock Price Up 28.6% – Still a Buy?

Greencastle Resources Ltd. (CVE:VGNGet Free Report) shares shot up 28.6% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. 133,000 shares changed hands during trading, an increase of 186% from the average session volume of 46,485 shares. The stock had previously closed at C$0.04.

Greencastle Resources Trading Up 28.6%

The company has a debt-to-equity ratio of 0.13, a current ratio of 17.28 and a quick ratio of 220.64. The stock has a market cap of C$1.63 million, a P/E ratio of -4.00 and a beta of 0.59. The firm’s fifty day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04.

About Greencastle Resources

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Greencastle Resources Ltd., together with its subsidiaries, engages in the exploration and development of gold, base metal, oil and gas properties, and royalties in Canada. The company operates through Investments in Private and Public Companies; Oil and Gas Interests; and Mining Interests segments. It holds interests in the Jewel Ridge gold property located in Nevada, the United States; the Primate oil and gas property in Saskatchewan; and the Ferrier oil and gas project located in Alberta. The company also holds royalty interests in wells located in the Spirit River area, Alberta.

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