Garibaldi Resources Corp. (CVE:GGI – Get Free Report) shares dropped 11.8% during trading on Monday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 237,350 shares traded hands during trading, an increase of 219% from the average daily volume of 74,358 shares. The stock had previously closed at C$0.09.
Garibaldi Resources Price Performance
The firm has a market capitalization of C$10.31 million, a PE ratio of -7.50 and a beta of 0.50. The company has a current ratio of 0.03, a quick ratio of 1.51 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of C$0.07 and a two-hundred day moving average price of C$0.07.
About Garibaldi Resources
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.
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