GFG Resources (CVE:GFG) Trading 1.9% Higher

GFG Resources Inc (CVE:GFG)’s share price traded up 1.9% on Tuesday . The stock traded as high as C$0.27 and last traded at C$0.27. 26,000 shares were traded during mid-day trading, a decline of 89% from the average session volume of 246,045 shares. The stock had previously closed at C$0.27.

The firm’s fifty day simple moving average is C$0.25 and its 200 day simple moving average is C$0.20. The firm has a market cap of $33.80 million and a P/E ratio of -33.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.44 and a current ratio of 3.65.

About GFG Resources (CVE:GFG)

GFG Resources Inc acquires, explores for, and develops gold properties in Canada and the United States. The company holds a 100% interest in the Pen Gold project consisting of 162 claims covering an area of approximately 445 square kilometers located to the southwest of Timmins, Ontario; and a 100% interest in the Dore Gold project, which covers an area of approximately 205 square kilometers located in Ontario.

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