Giga Metals (CVE:GIGA) Trading Down 4% – Should You Sell?

Shares of Giga Metals Co. (CVE:GIGA) fell 4% during trading on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.12. 92,500 shares were traded during trading, an increase of 68% from the average session volume of 55,119 shares. The stock had previously closed at C$0.13.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.75 price objective on shares of Giga Metals and gave the company a “buy” rating in a report on Tuesday, January 14th.

Giga Metals Stock Performance

The stock’s 50-day moving average is C$0.12 and its 200-day moving average is C$0.13. The firm has a market capitalization of C$11.09 million, a price-to-earnings ratio of -6.56 and a beta of 1.13. The company has a current ratio of 4.83, a quick ratio of 14.39 and a debt-to-equity ratio of 0.31.

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.