Greencastle Resources (CVE:VGN) Stock Price Up 28.6% – Should You Buy?

Greencastle Resources Ltd. (CVE:VGN) shares traded up 28.6% during trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. 133,000 shares traded hands during mid-day 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 Price Performance

The business has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.04. The company has a current ratio of 17.28, a quick ratio of 220.64 and a debt-to-equity ratio of 0.13. The firm has a market cap of C$1.63 million, a P/E ratio of -4.00 and a beta of 0.59.

About Greencastle Resources

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.