Garibaldi Resources (CVE:GGI) Trading Down 9.5% – Here’s Why

Garibaldi Resources Corp. (CVE:GGIGet Free Report)’s share price was down 9.5% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 202,426 shares were traded during trading, an increase of 244% from the average daily volume of 58,794 shares. The stock had previously closed at C$0.11.

Garibaldi Resources Price Performance

The stock has a market capitalization of C$14.44 million, a PE ratio of -0.45 and a beta of 0.17. The company’s 50 day moving average price is C$0.12 and its two-hundred day moving average price is C$0.11.

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.

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