Garibaldi Resources (CVE:GGI) Shares Down 8.3% – Here’s Why

Garibaldi Resources Corp. (CVE:GGIGet Free Report) traded down 8.3% during trading on Friday . The stock traded as low as C$0.10 and last traded at C$0.11. 115,025 shares were traded during trading, an increase of 96% from the average session volume of 58,735 shares. The stock had previously closed at C$0.12.

Garibaldi Resources Stock Down 8.3%

The business has a 50-day moving average price of C$0.13 and a two-hundred day moving average price of C$0.10. The company has a market capitalization of C$16.72 million, a price-to-earnings ratio of -0.52 and a beta of 0.17.

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.

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