Greencastle Resources (CVE:VGN) Trading Up 28.6% – Still a Buy?

Greencastle Resources Ltd. (CVE:VGNGet Free Report)’s stock price was up 28.6% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 133,000 shares traded hands during mid-day trading, an increase of 186% from the average daily volume of 46,485 shares. The stock had previously closed at C$0.04.

Greencastle Resources Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 220.64 and a current ratio of 17.28. The company has a market capitalization of C$1.63 million, a price-to-earnings ratio of -4.00 and a beta of 0.59. The company has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

About Greencastle Resources

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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.

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