GFG Resources (CVE:GFG) Stock Price Down 10.8% – What’s Next?

GFG Resources Inc (CVE:GFG)’s share price fell 10.8% during trading on Thursday . The company traded as low as C$0.16 and last traded at C$0.17. 741,125 shares were traded during mid-day trading, an increase of 359% from the average session volume of 161,617 shares. The stock had previously closed at C$0.19.

GFG Resources Price Performance

The firm has a market capitalization of C$39.69 million, a P/E ratio of -3.30 and a beta of 2.21. The company has a fifty day moving average of C$0.16 and a 200 day moving average of C$0.13. 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.