Garibaldi Resources (CVE:GGI) Trading 43.3% Higher – Here’s What Happened

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

Garibaldi Resources Stock Performance

The firm’s fifty day simple moving average is C$0.12 and its 200 day simple moving average is C$0.11. The stock has a market capitalization of C$29.65 million, a price-to-earnings ratio of -0.93 and a beta of 0.01.

About Garibaldi Resources

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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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