Key Points
- Insider sale: Director Brian Neville Skanderbeg sold 1,656,250 shares on October 23 at an average price of C$0.16 for C$265,000, cutting his stake by 23.99% to 5,248,102 shares (valued ~C$839,696).
- Follow-up sale: He also sold 625,000 shares on November 6 at C$0.15 for C$93,750, indicating continued insider selling in the period.
- Stock context: GFG shares recently traded around C$0.14 with a 12‑month range of C$0.13–C$0.23, a market cap of C$42.35M, a PE of 14.00, and 50/200‑day moving averages near C$0.15–C$0.16.
GFG Resources Inc (CVE:GFG - Get Free Report) insider Brian Neville Skanderbeg sold 1,656,250 shares of the company's stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of C$0.16, for a total value of C$265,000.00. Following the transaction, the insider directly owned 5,248,102 shares of the company's stock, valued at approximately C$839,696.32. This trade represents a 23.99% decrease in their position.
Brian Neville Skanderbeg also recently made the following trade(s):
- On Thursday, November 6th, Brian Neville Skanderbeg sold 625,000 shares of GFG Resources stock. The shares were sold at an average price of C$0.15, for a total transaction of C$93,750.00.
GFG Resources Stock Performance
Shares of GFG stock opened at C$0.14 on Friday. GFG Resources Inc has a 12 month low of C$0.13 and a 12 month high of C$0.23. The company's fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.16. The firm has a market cap of C$42.35 million, a PE ratio of 14.00 and a beta of 1.05. The company has a quick ratio of 2.98, a current ratio of 2.33 and a debt-to-equity ratio of 0.13.
GFG Resources Company Profile
(
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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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