GFG Resources (CVE:GFG) Reaches New 1-Year High – Time to Buy?

by · The Markets Daily

GFG Resources Inc (CVE:GFG – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$0.18 and last traded at C$0.18, with a volume of 229075 shares traded. The stock had previously closed at C$0.18.

GFG Resources Stock Performance

The firm has a market capitalization of C$43.30 million, a price-to-earnings ratio of -3.60 and a beta of 2.21. The company has a quick ratio of 2.98, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is C$0.13 and its 200 day moving average is C$0.10.

GFG Resources Company Profile

(Get Free Report)

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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