Grande Portage Resources (CVE:GPG) Trading Down 3.8% – Here’s Why

Grande Portage Resources Ltd. (CVE:GPGGet Free Report)’s share price was down 3.8% during mid-day trading on Monday . The stock traded as low as C$0.25 and last traded at C$0.26. 55,350 shares changed hands during trading, a decline of 77% from the average daily volume of 237,525 shares. The stock had previously closed at C$0.27.

Grande Portage Resources Stock Down 3.8%

The company has a quick ratio of 14.73, a current ratio of 44.14 and a debt-to-equity ratio of 0.18. The company has a market capitalization of C$44.89 million, a price-to-earnings ratio of -25.00 and a beta of 0.67. The business’s 50-day moving average is C$0.34 and its 200-day moving average is C$0.39.

About Grande Portage Resources

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Grande Portage Resources Ltd., an exploration stage company, explores for, and develops natural resource properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Herbert gold property comprising 91 unpatented mining claims and located 25km in the north of Juneau, Alaska. Grande Portage Resources Ltd. was incorporated in 1984 and is headquartered in Vancouver, Canada.

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