Gold Springs Resource (TSE:GRC) Stock Price Up 28.6% – Time to Buy?

Gold Springs Resource Corp. (TSE:GRC)’s share price rose 28.6% on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 399,541 shares were traded during trading, an increase of 580% from the average daily volume of 58,747 shares. The stock had previously closed at C$0.07.

Gold Springs Resource Stock Performance

The company has a 50-day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 0.11. The firm has a market capitalization of C$22.64 million, a P/E ratio of -9.00 and a beta of -0.07.

Gold Springs Resource (TSE:GRC) last posted its quarterly earnings data on Monday, March 30th. The company reported C$0.00 earnings per share for the quarter.

About Gold Springs Resource

Gold Springs Resource Corp. (TSX: GRC) (OTCQB: GRCAF) is focused on the exploration and expansion of the gold and silver resources of its large Gold Springs project located on the border of Nevada and Utah, USA. The project is situated in the prolific Great Basin of Western USA, one of the best mining jurisdictions in the world.