Garibaldi Resources Corp. (CVE:GGI – Get Free Report) shares dropped 11.8% during mid-day trading on Monday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 237,350 shares changed hands during mid-day 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 P/E ratio of -7.50 and a beta of 0.50. The company has a quick ratio of 1.51, a current ratio of 0.03 and a debt-to-equity ratio of 0.03. The business’s 50-day simple moving average is C$0.07 and its 200 day simple moving average is 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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