Garibaldi Resources (CVE:GGI) Stock Price Up 26.3% – Still a Buy?

Shares of Garibaldi Resources Corp. (CVE:GGIGet Free Report) traded up 26.3% during trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. 124,450 shares traded hands during mid-day trading, an increase of 112% from the average session volume of 58,823 shares. The stock had previously closed at C$0.10.

Garibaldi Resources Trading Down 8.3%

The business’s 50-day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.10. The company has a market capitalization of C$16.72 million, a PE ratio of -0.52 and a beta of 0.17.

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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