Shares of Garibaldi Resources Corp. (CVE:GGI – Get Free Report) rose 26.3% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 150,000 shares changed hands during trading, an increase of 149% from the average daily volume of 60,146 shares. The stock had previously closed at C$0.10.
Garibaldi Resources Stock Performance
The company has a market capitalization of C$16.49 million, a price-to-earnings ratio of -4.00 and a beta of 0.69. The company has a current ratio of 0.54, a quick ratio of 1.51 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of C$0.09 and a 200-day simple moving average of C$0.09.
Garibaldi Resources Company Profile
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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