Garibaldi Resources (CVE:GGI) Stock Price Down 11.8% – Here’s What Happened

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 changed hands 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 Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.03 and a quick ratio of 1.51. The company has a market capitalization of C$10.31 million, a PE ratio of -7.50 and a beta of 0.50. The firm has a 50-day moving average of C$0.07 and a 200 day moving average of C$0.07.

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.

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