Garibaldi Resources (CVE:GGI) Stock Price Up 20% – Time to Buy?

Garibaldi Resources Corp. (CVE:GGIGet Free Report)’s share price rose 20% on Wednesday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 615,695 shares changed hands during trading, an increase of 234% from the average daily volume of 184,368 shares. The stock had previously closed at C$0.15.

Garibaldi Resources Trading Up 36.7%

The firm has a 50 day moving average price of C$0.12 and a 200 day moving average price of C$0.11. The stock has a market capitalization of C$31.17 million, a PE ratio of -0.98 and a beta of 0.01.

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. The company was incorporated in 1993 and is headquartered in Vancouver, Canada.

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