Garibaldi Resources (CVE:GGI) Shares Down 11.8% – Here’s Why

Shares of Garibaldi Resources Corp. (CVE:GGI) were down 11.8% during trading on Monday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 237,350 shares were traded 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 Stock Down 11.8 %

The business’s fifty day moving average price is C$0.07 and its two-hundred day moving average price is C$0.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.51 and a current ratio of 0.03. The firm has a market capitalization of C$10.31 million, a P/E ratio of -7.50 and a beta of 0.50.

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.