GGL Resources Corp.
TSXV:GGL Stock Report
GGL Resources Balance Sheet Health
Financial Health criteria checks 4/6 GGL Resources has a total shareholder equity of CA$5.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$5.8M and CA$80.1K respectively.
Key information Interest coverage ratio n/a Cash CA$136.72k Equity CA$5.74m Total liabilities CA$80.14k Total assets CA$5.82m
Recent financial health updates
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New major risk - Financial position Oct 20 GGL Resources Corp. announced that it has received CAD 0.3 million in funding Aug 16
GGL Resources Corp. announced that it expects to receive CAD 0.3 million in funding Jul 18
GGL Resources Corp. announced that it has received CAD 0.3 million in funding from Dave Kelsch Consulting Ltd., Strategic Metals Ltd., ECEE Money Limited May 31
New major risk - Financial position Apr 28
Ggl Resources Corp. Announces the Results of an Induced Polarization/Resistivity Survey At the Road-Accessed Le Champ Copper- Molybdenum-Gold Porphyry Target, on Its 100% Owned West Gold Point Project in the Walker Lane Trend of Western Nevada Apr 11
GGL Resources Corp., Annual General Meeting, May 17, 2024 Mar 28
Insufficient new directors Mar 20 GGL Resources Corp. announced that it expects to receive CAD 0.3 million in funding Feb 13
Insufficient new directors Feb 07
Ggl Resources Corp. Announces Results from the Fall 2023 Exploration Program and Expansion of Its Gold Point Project, Nevada Jan 16
Insufficient new directors Jan 15
GGL Resources Corp., Annual General Meeting, Dec 28, 2023 Oct 27
Insufficient new directors Oct 18 GGL Resources Corp. announced that it has received CAD 0.9 million in funding from Strategic Metals Ltd. and other investors Oct 01
New minor risk - Shareholder dilution Oct 01
GGL Resources Corp. announced that it has received CAD 0.9 million in funding from Strategic Metals Ltd. and other investors Oct 01 GGL Resources Corp. announced that it expects to receive CAD 0.9 million in funding Jul 28
WestKam Gold Corp. (TSXV:WKG) signed a definitive agreement to acquire McConnell Property In northwestern British Columbia from GGL Resources Corp. (TSXV:GGL). Jul 26
WestKam Gold Corp. (TSXV:WKG) signed a definitive agreement to acquire McConnell Property In northwestern British Columbia from GGL Resources Corp. (TSXV:GGL). Jul 25
GGL Resources Corp Discovers a Copper-Molybdenum-Gold Porphyry at its Gold Point Project, Nevada Jul 13
Insufficient new directors Jun 07
GGL Resources Corp. Samples 970 G/T Silver over 1.52 M from the Orleans Mine At Its Gold Point Project, Nevada Feb 02
GGL Resources Corp. Announces High-Grade Gold Results from the Fall 2022 Underground Exploration and Surface Drilling Program At Gold Point Project in the Walker Lane Trend of Western Nevada Jan 25
GGL Resources Corp. Completes Underground Exploration and Surface Drilling at its Gold Point Project, Nevada Jan 06
Insufficient new directors Nov 16
GGL Resources Corp. Commences Underground Exploration and Surface Drilling At Its Gold Point Project, Nevada Oct 21
GGL Resources Corp., Annual General Meeting, Dec 07, 2022 Oct 07
GGL Resources Corp. Commences Exploration on Its McConnell Cu-Au Project, North-Central BC Sep 27
GGL Resources Corp. Ready to Start the 2022 Drill Program At Its Gold Point Project, Nevada Sep 13
Insufficient new directors Jul 18 GGL Resources Corp. announced that it has received CAD 2.19074 million in funding from ECEE Money Limited, Strategic Metals Ltd., and other investors Jun 01
Insufficient new directors May 03 GGL Resources Corp. announced that it expects to receive CAD 2.04 million in funding Apr 22
Ggl Resources Corp. Completes First Component of the 2022 Exploration Program At Its Gold Point Project, Nevada Apr 07
GGL Resources Corp. Announces Chief Financial Officer Changes Mar 04
GGL Resources Corp. Announces Chief Financial Officer Changes Mar 03
GGL Resources Corp. (TSXV:GGL) acquired 100% interest in patented claims for $85 million. Dec 09
Insufficient new directors Sep 02
CEO & Director exercised options to buy CA$69k worth of stock. Jun 10
CEO & Director exercised options to buy CA$67k worth of stock. Jun 06
GGL Resources Corp. Commences Drilling At Gold Point, Nevada Feb 23
GGL Resources Corp. Announces Initial Sampling Results from Gold Point, Nevada Jan 08
New 90-day high: CA$0.32 Jan 05
New 90-day high: CA$0.23 Oct 09 GGL Resources Corp. Continues Field Work and Initiates Drill Permitting At Gold Point Project, Nevada
GGL Resources Corp. (TSXV:GGL) acquired Gold Point project, Nevada. Aug 29
GGL Resources Corp. announced that it has received CAD 0.3 million in funding Jul 24
GGL Resources Corp. announced that it expects to receive CAD 0.3 million in funding Jul 18
Financial Position Analysis
Short Term Liabilities: GGL's short term assets (CA$169.2K) exceed its short term liabilities (CA$80.1K).
Long Term Liabilities: GGL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: GGL is debt free.
Reducing Debt: GGL had no debt 5 years ago.
Cash Runway Analysis For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GGL has less than a year of cash runway based on its current free cash flow .
Forecast Cash Runway: GGL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.1% each year
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