Grande Portage Resources (CVE:GPG) Stock Price Down 9.4% – Here’s What Happened

Grande Portage Resources Ltd. (CVE:GPG) shares were down 9.4% during trading on Wednesday . The company traded as low as C$0.47 and last traded at C$0.48. Approximately 101,154 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 329,591 shares. The stock had previously closed at C$0.53.

Grande Portage Resources Stock Performance

The firm has a 50-day moving average of C$0.42 and a two-hundred day moving average of C$0.31. The company has a quick ratio of 14.73, a current ratio of 0.51 and a debt-to-equity ratio of 0.90. The company has a market capitalization of C$78.16 million, a PE ratio of -50.00 and a beta of 0.69.

Grande Portage Resources Company Profile

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.