Garibaldi Resources (CVE:GGI) Trading Up 43.3% – Should You Buy?

Garibaldi Resources Corp. (CVE:GGIGet Free Report)’s stock price was up 43.3% during trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 970,124 shares were traded during mid-day trading, an increase of 251% from the average daily volume of 276,100 shares. The stock had previously closed at C$0.15.

Garibaldi Resources Stock Performance

The firm has a market capitalization of C$29.65 million, a price-to-earnings ratio of -0.93 and a beta of 0.01. The company has a 50-day moving average price of C$0.12 and a 200-day moving average price of C$0.11.

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

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