Garibaldi Resources (CVE:GGI) Sets New 12-Month Low – Here’s Why

Garibaldi Resources Corp. (CVE:GGIGet Free Report) reached a new 52-week low on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 37570 shares traded. The stock had previously closed at C$0.07.

Garibaldi Resources Price Performance

The firm has a 50-day moving average of C$0.09 and a 200-day moving average of C$0.11. The stock has a market cap of C$9.88 million, a PE ratio of -6.50 and a beta of -0.93.

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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