Garibaldi Resources (CVE:GGI) Stock Price Down 11.8% – Here’s What Happened

Garibaldi Resources Corp. (CVE:GGIGet Free Report)’s share price fell 11.8% on Monday . The company traded as low as C$0.08 and last traded at C$0.08. 237,350 shares traded hands during mid-day trading, an increase of 219% from the average session volume of 74,358 shares. The stock had previously closed at C$0.09.

Garibaldi Resources Price Performance

The stock has a fifty day moving average of C$0.07 and a two-hundred day moving average of C$0.07. The stock has a market cap of C$10.31 million, a price-to-earnings ratio of -7.50 and a beta of 0.50. The company has a quick ratio of 1.51, a current ratio of 0.03 and a debt-to-equity ratio of 0.03.

Garibaldi Resources Company Profile

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Garibaldi Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Mexico. The company explores for nickel, copper, cobalt, platinum, palladium, gold, and silver deposits. Its flagship property is 100% owned E&L Nickel Mountain Project located to Northwest British Columbia.

Further Reading

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