Giga Metals (CVE:GIGA) PT Set at C$0.75 by Fundamental Research

Giga Metals (CVE:GIGA) received a C$0.75 price objective from analysts at Fundamental Research in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Giga Metals Trading Up 4.3 %

Giga Metals stock traded up C$0.01 during trading hours on Tuesday, hitting C$0.12. The company had a trading volume of 2,500 shares, compared to its average volume of 55,103. The company has a 50-day moving average price of C$0.12 and a two-hundred day moving average price of C$0.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 14.39 and a current ratio of 2.55. Giga Metals has a 1 year low of C$0.10 and a 1 year high of C$0.24. The firm has a market cap of C$12.67 million, a P/E ratio of -6.00 and a beta of 1.13.

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.