GFG Resources Inc (CVE:GFG – Get Free Report)’s share price dropped 11.1% during mid-day trading on Monday . The company traded as low as C$0.12 and last traded at C$0.12. Approximately 93,600 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 124,260 shares. The stock had previously closed at C$0.14.
GFG Resources Stock Down 6.3 %
The stock has a market cap of C$28.87 million, a price-to-earnings ratio of -2.40 and a beta of 2.19. The firm’s 50-day moving average is C$0.08 and its 200 day moving average is C$0.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 2.98.
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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