Garibaldi Resources (CVE:GGI) Shares Down 18.8% – Here’s Why

Garibaldi Resources Corp. (CVE:GGIGet Free Report)’s stock price was down 18.8% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 291,010 shares traded hands during trading, an increase of 307% from the average session volume of 71,492 shares. The stock had previously closed at C$0.08.

Garibaldi Resources Price Performance

The stock’s fifty day simple moving average is C$0.10 and its 200-day simple moving average is C$0.12. The stock has a market cap of C$9.88 million, a P/E ratio of -6.50 and a beta of -0.90.

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.

Further Reading

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