Grande Portage Resources (CVE:GPG) Trading Up 5.6% - What's Next?

Key Points

• Grande Portage Resources shares rose 5.6% in midday trading, reaching as high as C$0.38 after closing at C$0.36 the previous day.
• Trading volume was lighter than usual, with about 104,300 shares changing hands, well below the average daily volume of 283,036.
• The company is an exploration-stage gold miner focused on its Herbert gold property in Alaska, and it has a market cap of about C$67.33 million.

Grande Portage Resources Ltd. (CVE:GPG - )'s stock price was up 5.6% during mid-day trading on Friday . The stock traded as high as C$0.38 and last traded at C$0.38. Approximately 104,300 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 283,036 shares. The stock had previously closed at C$0.36.

Grande Portage Resources Trading Up 5.6%

The firm has a fifty day simple moving average of C$0.42 and a 200-day simple moving average of C$0.38. The firm has a market cap of C$67.33 million, a P/E ratio of -37.50 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 44.14 and a quick ratio of 14.73.

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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