GFG Resources (CVE:GFG) Trading Up 5.3% – What’s Next?

GFG Resources Inc (CVE:GFG) shares shot up 5.3% on Tuesday . The stock traded as high as C$0.20 and last traded at C$0.20. 87,150 shares were traded during trading, a decline of 45% from the average session volume of 159,375 shares. The stock had previously closed at C$0.19.

GFG Resources Trading Up 5.3 %

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 2.98. The company has a market cap of C$48.11 million, a P/E ratio of -4.00 and a beta of 2.21. The stock’s 50-day moving average is C$0.18 and its two-hundred day moving average is C$0.15.

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.