GFG Resources Inc (CVE:GFG – Get Free Report) dropped 12.2% on Friday. The company traded as low as C$0.17 and last traded at C$0.18. 700,301 shares were traded during mid-day trading, an increase of 232% from the average daily volume of 210,888 shares. The stock had previously closed at C$0.20.
GFG Resources Trading Down 12.2%
The company has a debt-to-equity ratio of 0.29, a current ratio of 4.14 and a quick ratio of 2.98. The firm has a market capitalization of C$54.76 million, a PE ratio of 15.00 and a beta of -0.47. The business’s 50-day moving average price is C$0.23 and its 200-day moving average price is C$0.20.
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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