Garibaldi Resources (CVE:GGI) Shares Down 11.8% – What’s Next?

Garibaldi Resources Corp. (CVE:GGIGet Free Report) traded down 11.8% on Monday . The company traded as low as C$0.08 and last traded at C$0.08. 237,350 shares were traded during mid-day trading, an increase of 219% from the average session volume of 74,358 shares. The stock had previously closed at C$0.09.

Garibaldi Resources Stock 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 50-day moving average of C$0.07 and a 200-day moving average of C$0.07. The company has a current ratio of 0.03, a quick ratio of 1.51 and a debt-to-equity ratio of 0.03.

About Garibaldi Resources

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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.

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