Insider Buying: GFG Resources Inc (CVE:GFG) Senior Officer Acquires 128,000 Shares of Stock

GFG Resources Inc (CVE:GFG) Senior Officer Anders Carlson purchased 128,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were bought at an average price of C$0.19 per share, for a total transaction of C$24,576.00.

Anders Carlson also recently made the following trade(s):

• On Monday, October 21st, Anders Carlson acquired 47,000 shares of GFG Resources stock. The stock was acquired at an average cost of C$0.17 per share, for a total transaction of C$7,990.00.
• On Friday, October 11th, Anders Carlson acquired 100,000 shares of GFG Resources stock. The stock was acquired at an average cost of C$0.15 per share, for a total transaction of C$15,000.00.
• On Monday, October 7th, Anders Carlson acquired 172,500 shares of GFG Resources stock. The stock was acquired at an average cost of C$0.14 per share, for a total transaction of C$24,150.00.
• On Wednesday, September 25th, Anders Carlson acquired 46,100 shares of GFG Resources stock. The stock was acquired at an average cost of C$0.13 per share, for a total transaction of C$5,993.00.
• On Monday, September 23rd, Anders Carlson acquired 115,384 shares of GFG Resources stock. The stock was acquired at an average cost of C$0.13 per share, for a total transaction of C$14,999.92.
• On Monday, September 16th, Anders Carlson bought 90,000 shares of GFG Resources stock. The stock was purchased at an average cost of C$0.13 per share, for a total transaction of C$11,700.00.

GFG Resources Stock Up 5.6 %

Shares of GFG stock traded up C$0.01 during trading on Thursday, hitting C$0.19. 615,826 shares of the company were exchanged, compared to its average volume of 142,933. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.98 and a current ratio of 1.66. The firm has a market capitalization of C$45.71 million, a price-to-earnings ratio of -3.60 and a beta of 2.21. The business’s 50-day simple moving average is C$0.13 and its 200 day simple moving average is C$0.10. GFG Resources Inc has a twelve month low of C$0.07 and a twelve month high of C$0.21.

GFG Resources Company Profile

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.