GFG Resources Inc (CVE:GFG – Get Free Report) rose 9.4% on Friday. The stock traded as high as C$0.18 and last traded at C$0.17. 442,510 shares traded hands during trading, an increase of 110% from the average daily volume of 210,536 shares. The stock had previously closed at C$0.16.
GFG Resources Trading Up 9.4%
The company has a current ratio of 5.23, a quick ratio of 2.98 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of C$0.21 and a 200-day simple moving average of C$0.21. The firm has a market cap of C$53.24 million, a P/E ratio of 15.00 and a beta of -0.84.
GFG Resources Company Profile
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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