Shares of Garibaldi Resources Corp. (CVE:GGI – Get Free Report) fell 18.8% during trading on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 1,347,482 shares changed hands during trading, an increase of 1,403% from the average daily volume of 89,678 shares. The stock had previously closed at C$0.08.
Garibaldi Resources Stock Down 18.8%
The company has a market cap of C$9.88 million, a price-to-earnings ratio of -6.50 and a beta of -0.85. The business’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.10.
About Garibaldi Resources
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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