Giga Metals Co. (CVE:GIGA – Get Free Report) shares dropped 8.8% on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 84,650 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 157,023 shares. The stock had previously closed at C$0.07.
Giga Metals Trading Down 11.8%
The stock has a market capitalization of C$9.10 million, a P/E ratio of -6.80 and a beta of 0.97. The business has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 14.39 and a current ratio of 2.65.
Giga Metals Company Profile
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel and cobalt sulphide deposits. It holds 100% interests in the Turnagain property with 75 contiguous mineral claims covering an area of approximately 40,069 hectares located in the Liard mining division of northern British Columbia. The company was formerly known as Hard Creek Nickel Corporation and changed its name to Giga Metals Corporation in August 2017.
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