Giga Metals (CVE:GIGA) Trading Down 6.7% – Should You Sell?

Giga Metals Co. (CVE:GIGA) shares were down 6.7% during trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07. 531,960 shares were traded during mid-day trading, an increase of 261% from the average session volume of 147,410 shares. The stock had previously closed at C$0.07.

Giga Metals Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 14.39 and a current ratio of 2.65. The business has a 50 day moving average price of C$0.07 and a two-hundred day moving average price of C$0.09. The company has a market cap of C$10.32 million, a P/E ratio of -6.80 and a beta of 0.83.

About Giga Metals

Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel and cobalt sulphide deposits. It holds 100% interests in the Turnagain property with 75 contiguous mineral claims covering an area of approximately 40,069 hectares located in the Liard mining division of northern British Columbia. The company was formerly known as Hard Creek Nickel Corporation and changed its name to Giga Metals Corporation in August 2017.