Shares of GFG Resources Inc (CVE:GFG – Get Free Report) shot up 6.7% during trading on Thursday . The stock traded as high as C$0.17 and last traded at C$0.16. 72,000 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 145,994 shares. The stock had previously closed at C$0.15.
GFG Resources Price Performance
The company has a quick ratio of 2.98, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. The company has a market capitalization of C$39.69 million, a P/E ratio of -3.30 and a beta of 2.21. The company’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.11.
About GFG Resources
GFG Resources Inc engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company primarily explores for gold deposits. It holds interests in the Montclerg gold project consisting of 5 patented and 110 unpatented mining claims located near the east of Timmins; the Pen gold project covers an area of approximately 475 square kilometers located near the southwest of the prolific gold district and town of Timmins; and the Dore gold project covers an area of approximately 212 square kilometers located in Ontario.
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