Garibaldi Resources (CVE:GGI) Shares Down 1.8%

Garibaldi Resources Corp (CVE:GGI)’s stock price dropped 1.8% on Wednesday . The company traded as low as C$1.64 and last traded at C$1.66, approximately 72,466 shares changed hands during mid-day trading. A decline of 58% from the average daily volume of 172,533 shares. The stock had previously closed at C$1.69.

The company has a market capitalization of $191.30 million and a price-to-earnings ratio of -75.91. The firm has a 50 day moving average price of C$1.63 and a two-hundred day moving average price of C$1.16.

About Garibaldi Resources (CVE:GGI)

Garibaldi Resources Corp., a junior exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Mexico. The company explores for nickel, copper, cobalt, and magmatic sulphide deposits, as well as gold, silver, and base metal deposits. Its flagship project is the E&L project, which is located at Nickel Mountain in northwest British Columbia.

Further Reading: Market Capitalization in the Stock Market

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