GFG Resources (CVE:GFG) Sets New 12-Month High – Here’s What Happened
by Jessica Moore · The Cerbat GemGFG Resources Inc (CVE:GFG – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.22, with a volume of 293180 shares changing hands. The stock had previously closed at C$0.20.
GFG Resources Price Performance
The business has a 50-day moving average price of C$0.18 and a 200 day moving average price of C$0.16. The company has a market cap of C$65.40 million, a price-to-earnings ratio of 15.00 and a beta of -0.29. The company has a current ratio of 4.14, a quick ratio of 2.98 and a debt-to-equity ratio of 0.29.
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.