Grande Portage Resources (CVE:GPG) Trading 14.7% Higher - Still a Buy?

Key Points

• Shares jumped 14.7% on Friday to C$0.39 (intraday high C$0.40) on ~105,210 shares traded, although volume was down about 67% versus the average daily volume.
• Grande Portage is an exploration-stage gold company with a market cap of C$65.47 million, a negative P/E of -36.50, low debt-to-equity (0.32) and unusually high current and quick ratios (16.63 and 14.73), reflecting its balance-sheet position.
• The company holds a 100% interest in the Herbert gold property near Juneau, Alaska, and focuses on exploring and developing gold deposits.

Grande Portage Resources Ltd. (CVE:GPG - )'s share price was up 14.7% on Friday . The company traded as high as C$0.40 and last traded at C$0.39. Approximately 105,210 shares traded hands during trading, a decline of 67% from the average daily volume of 321,103 shares. The stock had previously closed at C$0.34.

Grande Portage Resources Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 14.73 and a current ratio of 16.63. The stock has a fifty day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.34. The stock has a market cap of C$65.47 million, a PE ratio of -36.50 and a beta of 0.79.

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.

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