Garibaldi Resources Corp. (CVE:GGI – Get Free Report) shares dropped 18.8% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 291,010 shares changed hands during trading, an increase of 307% from the average daily volume of 71,492 shares. The stock had previously closed at C$0.08.
Garibaldi Resources Stock Performance
The firm has a market capitalization of C$9.88 million, a P/E ratio of -6.50 and a beta of -0.90. The business has a fifty day moving average of C$0.10 and a 200-day moving average of C$0.12.
About Garibaldi Resources
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. The company was incorporated in 1993 and is headquartered in Vancouver, Canada.
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