Garibaldi Resources (CVE:GGI) Trading 43.3% Higher – Should You Buy?

Garibaldi Resources Corp. (CVE:GGIGet Free Report) was up 43.3% on Wednesday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 970,124 shares were traded during mid-day trading, an increase of 251% from the average daily volume of 276,100 shares. The stock had previously closed at C$0.15.

Garibaldi Resources Stock Up 43.3%

The business has a 50-day moving average of C$0.12 and a 200-day moving average of C$0.11. The stock has a market cap of C$32.69 million, a price-to-earnings ratio of -1.02 and a beta of 0.01.

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. The company was incorporated in 1993 and is headquartered in Vancouver, Canada.

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